Global merchants can now reduce fraudulent transactions through a single relationship
Denver, Colo. and London, U.K. -- 22 March 2006 -- As part of its global processing capability, First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payment services, in affiliation with Retail Decisions (ReD), (LSE: RTD), a world leader in card fraud prevention and payment processing services, announced today the launch of an enhanced fraud detection solution for First Data’s global online merchants.
First Data’s global processing services combines its expertise in electronic payment processing, customized service bundling and streamlined back-office efficiencies with its international growth to provide payment solutions to multinational merchants. First Data’s scale, breadth of services and global reach allow it to offer a single processing relationship for large global merchants.
The fraud solution will provide merchants with multi-layer fraud prevention, which will reduce chargebacks and manual validation expenses. First Data currently provides merchants with an array of risk and fraud solutions and will now offer a fraud prevention tool fully integrated with its payment processing capabilities for worldwide e-commerce merchants.
Pam Patsley, president, First Data International said, “as we continue to offer international merchants processing solutions, it is important that we help them differentiate their business with a robust, global solution for fraud prevention. Our clients now have access to a powerful and comprehensive risk management tool that will reduce fraud costs and allow retailers around the world to expand their business and safely accept payment transactions.”
Using ReD’s neural scoring and predictive technologies, fraud will be identified and reduced without the prevention or delay of good transactions.
Carl Clump, CEO of Retail Decisions said, “we are delighted to partner with First Data to offer their merchants enhanced fraud prevention solutions. This solution will enable First Data’s merchants to reduce their fraud and enhance customer relationships while increase their revenue. This agreement is a testament to ReD’s breadth and depth of fraud prevention expertise.”
With platform integration underway, it is anticipated that the combined offering will be available to merchants by the end of the first quarter 2006.
ABOUT ReD:
Retail Decisions (ReD) is a payment card issuer and a world leader in card fraud prevention and payment processing. ReD is international - based in the UK, US, Australia and South Africa with representation in Japan and South America - and has over 17 years experience in the fraud prevention market. ReD is a specialist supplier to the payments industry worldwide and is a recognized industry leader with a blue-chip international client base. ReD’s customers come from the telecommunications, retail, travel, petroleum, banking and the broader e-commerce sectors. ReD`s international blue-chip clients include: Wal-Mart, Macy’s, Bloomingdale’s, Tesco, Texaco, Shell, Asda, Comet, Travelocity, T-Mobile and Virgin Mobile. ReD has Fuel Card Operations in Australia, the UK and Europe and Pre-paid Card Operations in Australia.
ReD’s Fraud Prevention Operation provides services that maximise the transactions that can be safely accepted by merchants (i.e. maximises profits) while minimising a client’s exposure to fraud. It also dramatically reduces in-house fraud checking costs. ReD currently protects over 50,000 points of sale globally.
About First Data:
First Data International, part of First Data Corp. (NYSE:FDC), is a leading provider of electronic commerce and payment solutions for financial institutions and merchants around the world. First Data International serves a diverse range of markets, leveraging global scale through a local presence and maintaining focus on individual client needs. It has more than 5,800 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-pacific.
First Data serves 4.6 million merchant locations, 1,500 card issuers and millions of consumers. First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company`s portfolio of services and solutions includes credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, together with Orlandi Valuta and Vigo, make up one of the world`s largest money transfer networks with more than 271,000 Agent locations in more than 200 countries and territories. For more information, visit http://www.firstdata.com/.
Contacts:
Carl Clump, Chief Executive
Retail Decisions plc
Kami Boyer, Marketing Manager
Retail Decisions Europe
Tel: +44 (0)1483 728 700
Frederique Slezak, Account Manager
Ketchum
Tel: +44 (0) 20 7611 3588
Email: frederique.slezak@ketchum.com
First Data
Cara Taylor
+1 303 967 6367
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