Abercrombie & Fitch goes with Accertify for fraud prevention platform
Chicago — Accertify, a provider of software, tools and strategies for preventing fraud and a subsidiary of American Express, announced that Abercrombie & Fitch has implemented its Interceptas fraud prevention platform to enhance the retailer’s ability to protect against credit card fraud in its direct-to-consumer business.
"Our direct-to-consumer sales are expanding rapidly and our business is growing internationally," said a spokesperson for Abercrombie & Fitch, which operates more than 1,000 stores in North America, Europe and Asia as well as direct-to-consumer operations.
According to the spokesperson, Abercrombie & Fitch requires the ability to create specific rules for screening transactions that are unique to its business. Doing so saves time, reduces our manual review rate and enhances our defenses against fraud,” he said. “Accertify helps us achieve these desired business results.”
Fresh Market files for secondary public offering
Greensboro, N.C. — The Fresh Market announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed secondary public offering of its common stock.
The shares of common stock to be sold in the offering are expected to be offered by certain of its stockholders. The selling stockholders will receive all of the proceeds from the offering. The company will not receive any proceeds from the offering.
Tb!s the bargain shop names CEO
Mississauga, Ontario — Tb!s the bargain shop, a leading Canadian discount store chain, announced that Beryl “Jack” Buley has been appointed president and CEO, effective immediately. Tb!s operates 238 stores in Canada.
Buley’s promotion is designed to position Tb!s to continue to expand its retail footprint and gain share in the Canadian market. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.