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HAZLET, NJ (February 27, 2003) – Retail Decisions (ReD), an international supplier of payment card fraud prevention and value added transaction services, today announced that the company has been appointed as an Advisor to the Conference Committee of the Direct Response Forum. The DRF is a not-for-profit organization, formed in 1990 by a group of direct marketers interested in developing and maintaining communications and relations between direct marketing companies and the credit card associations. Since its inception, the DRF has provided members with a unique, open forum for networking and education in all aspects of payment acceptance and processing and industry best practices.
Kevin Sprake, Managing Director of Retail Decisions, will serve as Conference Committee advisor and will participate in the planning of the 14th Annual DRF Conference scheduled for August 12th - 14th, 2003 in Dallas, Texas. At Retail Decisions, Kevin is responsible for the commercial development of ReD’s entire Risk Management suite throughout the United States. He has an extensive background in marketing and management specializing in e-commerce and the positioning of technology services.
“We welcome Retail Decisions as one of the select few appointments to the DRF’s Conference Committee, and we look forward to their contributions to this year’s Forum,” commented Paul Larsen, Director of Fulfillment/Merchant Processing for the Synapse Group, and chair for the 2003 Annual Conference.
“The DRF strongly believes that Retail Decisions’ experience in payment processing and fraud prevention will bring a unique perspective to the Board, and will help us to continue to deliver the most topical and compelling conference sessions for our membership,” Larson added.
“As a solutions provider to many DRF merchant member companies, Retail Decisions is delighted to have been selected to join the DRF Conference Committee, and we expect to play an active role in shaping the course of this year’s annual conference,” said Carl Clump, CEO of Retail Decisions. “We view this appointment as the continuation of a long-term partnership with the DRF and we look forward to contributing to the thought process on issues that most effect today’s retailing sector.”
About Retail Decisions
Retail Decisions (ReD) is an international electronic payment transaction services business that provides fraud prevention, enterprise-class payment processing software and value-added transaction and consulting services to the finance, telecommunications, retail and e-commerce sectors. ReD is able to predict and prevent payment card fraud, process high volumes of credit card and electronic check transactions and has a platform for a full range of transaction based value-added services.
The company currently protects over 50,000 points of sale globally. In 2001, ReD processed more than 1 billion card transactions, stopping an estimated $396 million in fraudulent purchases. ReD has more than 15 years experience in credit card risk management and payment settlement services in the US.
ReD has operations in the United States, Europe, South Africa and Australia. Retail Decisions is publicly traded on the official list of the London Stock Exchange under the trading symbol, “RTD”. More information about ReD is available at www.retaildecisions.com.
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