Retail Decisions Launches Strategic Consulting Division With New Team From PaySolv, Inc.
HAZLET, N.J.--Feb. 21, 2002--Retail Decisions, an international
supplier of payment card fraud prevention and value-added transaction
services, announces the appointment of the entire team of consultants
comprising PaySolv, Inc., a US-based electronic payments consulting
firm, as part of the launch of Retail Decisions` Strategic Electronic
Payments Consulting Division.
Retail Decisions is pleased to announce that the consultants from
PaySolv, Inc. ("PaySolv") will be joining the Company as full-time
employees from February 20, 2002, including PaySolv`s founders, Mike
Love and Ken Maliga. The employment of the consultants by Retail
Decisions has been secured with the full agreement of PaySolv.
Based in Austin, Texas, PaySolv is a strategic consulting firm
focusing on the smart card and electronic payments industry. The team
joining Retail Decisions has extensive relationships, at a senior
level, with card issuers, acquirers and processors, with over 350
clients in 40 countries across the world and has substantial
collective experience in this market.
This team will be employed as a US-based subsidiary of the Company
and will form the nucleus of Retail Decisions` new Electronic Payments
Consulting Division. The Strategic Consulting team will be focused on
extending the reach of the Retail Decisions` service offerings through
their strategic relationships in the electronic payments industry. The
Strategic Consulting team will also play a critical role in developing
new products and services as part of a best practice strategy for risk
management and electronic payment solutions, as well as identifying
and exploiting opportunities for cross-selling Retail Decisions`
extensive suite of products across its various markets and
territories.
Retail Decisions intends to announce its preliminary results for
the year ended December 31, 2001 on Tuesday, March 12, 2002. As stated
previously, the Company`s performance is in line with expectations.
Carl Clump, Chief Executive of Retail Decisions, said today:
"We are very pleased to welcome the PaySolv consultants to the
Retail Decisions team. We see this as a significant step in achieving
a greater level of penetration of North America, the world`s largest
payment card market. In addition, our new Strategic Consulting
Division will provide an opportunity to extend our client base
globally and offer high quality strategic advice on all aspects of
electronic payments, including smart cards."
About Retail Decisions
Retail Decisions (www.redplc.com) is an electronic payment
transactions services business that provides fraud prevention to the
finance, telecommunications, retail and e-commerce sectors. Using risk
management and analysis tools, Retail Decisions is able to predict and
prevent payment card fraud; this infrastructure also provides a
platform for a full range of transaction based value-added services.
About PaySolv
PaySolv Inc. is a US-based technology management consulting firm
dedicated exclusively to the electronic payments industry. The firm
has established a worldwide reputation with over 350 customers in more
than 40 countries. The principals of the firm have been active in the
evolution of the electronic payments industry over the past 15 years
and are recognized industry experts in the application of advanced
concepts, architectures and technologies to the challenges faced by
payment providers worldwide.
CONTACT: CBK Group
Carol Romeo, 201/556-9404, Ext. 110
carol@cbkgroup.com
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