HAZLET, N.J.--Feb. 26, 2002--Retail Decisions (LSE: RTD), a leading card-based transactions services business providing fraud prevention to the finance, telecommunications, retail and e-commerce sectors, announced today that Walmart.com, the online retail site for Wal-Mart Stores, Inc., has selected ebitGuard, ReD`s global e-commerce fraud detection and prevention service, to help protect customers using its online stores.
With more than 16 years of card fraud prevention experience and one of the world`s largest proprietary fraud screening databases, Retail Decisions is very well placed to provide security for Walmart.com to conduct its credit card transactions.
"Our experience and expertise in card-not-present e-commerce fraud prevention services provide an excellent match to Walmart.com, offering them protection against the risk of fraudulent credit card transactions," said Carl Clump, CEO of Retail Decisions. "Having proven our e-commerce fraud prevention skills to one of the UK`s largest retailers, we can now protect the online shoppers of the USA`s largest retailer, too."
"Our aim is to keep fraud to well below the levels tolerated by the leading card associations. Quite rightly, Walmart.com has recognized the importance of protecting its customers and providing them with a safe online shopping environment. We are delighted to have been selected to partner with them in this important arena," added Clump.
ReD`s global e-commerce fraud detection and prevention service, ebitGuard, provides real time risk assessment recommendations. ebitGuard incorporates neural technology, with a number of other sophisticated processes, databases and CNP experience to provide clients with a fully integrated service that delivers high quality risk management results.
About Retail Decisions
Retail Decisions (www.redplc.com) is a card-based transactions services business that provides fraud prevention to the finance, telecommunications, retail and e-commerce industries. By leveraging both, rules-based and predictive neural risk management and analysis tools, Retail Decisions is able to identify and prevent payment card fraud. The company currently protects nearly 10,000 retail sites globally. In 2000, Retail Decisions processed more than 1.25 billion card transactions, stopping an estimated $113 million in fraudulent purchases.
Retail Decisions has more than 16 years` experience in credit card risk management and payment settlement services to the telecommunications industry in the US, and currently supplies its services to over 45 telecom companies.
ReD is publicly traded on the official list of the London Stock Exchange under the trading symbol, "RTD". More information about ReD is available by visiting the company Web site at http://www.redplc.com.
CONTACT: CBK Group
Carol Romeo, 201/556-9404 Ext. 110
carol@cbkgroup.com
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