HAZLET, NJ (April 30, 2003) – Retail Decisions, an international supplier of payment card fraud prevention and value-added transaction services, and Copeland, Burtnick & Associates (CBA), a leading Canadian developer and supplier of commerce infrastructures and electronic payment systems for merchants and financial institutions, announced today that CBA will offer Retail Decisions’ ebitGuard™ automated fraud screening service as a value-added component of its suite of secure, commerce-enabling solutions.
Copeland, Burtnick & Associates specializes in the development of commerce infrastructures that deliver integrated payment systems and online banking - data management services to small and mid-size businesses and financial institutions.
“Copeland, Burtnick & Associates has extensive experience in providing electronic payment solutions to our international customers,” commented Nelson Burtnick, Co-founder and CEO of Copeland, Burtnick & Associates. “We understand the extremely damaging effect of fraudulent payments, particularly in the high-risk card-not-present market, and we are extremely pleased to be able to utilize Retail Decisions’ unmatched expertise and skills in card-not-present fraud management.”
“With ebitGuard, we are able to offer our customers a robust risk management service that has proven to be extremely effective at deterring fraud and more importantly, ensuring that positive transactions have not been declined or discarded,” added Mr. Burtnick.
“Working together with CBA in a consultative role, Retail Decisions performed a comprehensive risk assessment, identifying the specific e-commerce fraud screening service elements that should be deployed for CBA’s customers,” stated Carl Clump, CEO of Retail Decisions. “This risk assessment enabled us to achieve a baseline understanding of CBA’s business model, processing environment, historical data, fraud rates by product and spending velocities, as well as target objectives and fraud detection metrics.”
“As the economy has continued to struggle, merchants are increasingly looking at fraud as a controllable cost to their businesses. We are pleased to have been selected by Copeland, Burtnick & Associates and expect them to become an increasingly important customer for us," Mr. Clump said.
Retail Decisions’ ebitGuard is a fully managed (outsourced), multi-dimensional fraud prevention service that detects fraud and minimizes chargebacks with a combination of merchant-specific velocity and compound rules, screening databases containing millions of compromised and excessively charged-backed cards, neural technology and human insight. Managed and monitored 24 x 7 by a team of experienced risk analysts, ebitGuard provides a real-time recommendation while helping retailers to find a favorable balance between preventing bad transactions and maximizing good transactions.
About Copeland, Burtnick & Associates
Copeland, Burtnick & Associates Ltd. (CBA) provides custom development and management of commercial payment systems and solutions. Through the staging of commercial integrated payment systems, online banking, and data management services, CBA allows custom integration of multiple sized businesses with multiple sized financial institutions.
As part of its B2B products package CBA offers services for the development and application of online-commerce systems, value added ebitGuard fraud protection, and custom web production. CBA also offers international advisory services in the telecommunications sector, in addition to specifically tailored managerial applications. Via the application of the Company`s proprietary software, merchants world-wide are empowered with the ability to focus transactions through a secure online payment processing system that enables the seamless integration of online-commerce and banking operations. The Company`s software also provides secure online financial reporting, in depth marketing information, customized fraud control tools, and the ability to impart valued transaction-based data analysis. More information about CBA is available at www.cbandassociates.com.
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, and 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.
In 2002, ReD processed in excess of 1.5 billion transactions, an increase of 45 percent over 2001, and stopped an estimated 4.6 million fraudulent transactions. ReD has more than 15 years experience in credit card risk management and payment processing 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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ebitGuard is a trademark of Retail Decisions, Inc. All other trademarks are registered trademarks of their respective companies.
CONTACTS:
Dana Dansereau
Copeland, Burtnick & Associates
604.288.2222
ddansereau@cbandassociates.com
Xavier Kris
Retail Decisions
732.888.0088
xkris@red-usa.com
Carol Romeo
Retail Decisions
201.556.9404 ext.110
carol@cbkgroup.com
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