Walmart.com Chooses Retail Decisions for Real-Time Risk Management and Fraud Protection Services
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
Back...
