GSI Commerce Chooses Retail Decisions for Real-time Risk Management and Fraud Prevention
For further information contact:
Carol Romeo
Retail Decisions
201.556.9404, Ext. 110
carol@cbkgroup.com
HAZLET, NJ (December 3, 2002) – Retail Decisions, an international
supplier of payment card, ebusiness and fraud prevention services, today
announced that GSI Commerce, Inc., a leading outsourced solution
provider for e-commerce, has selected ebitGuard™, Retail Decisions’
global
e-commerce fraud detection and prevention service, to help protect its
online stores.
As an outsourced solution provider, GSI Commerce manages Web site
development, merchandising, customer service, order processing and
fulfillment on behalf of its partners. Its partners include more than
40 retailers, branded manufacturers, media companies, television
networks and professional sports organizations.
“Credit card fraud is a challenge for all online merchants,” said Mark
Reese, Chief Operating Officer for GSI Commerce. “With Retail
Decisions’ ebitGuard service, GSI is able to reduce fraudulent
transactions on our sites and give our customers an even safer shopping
environment.”
"Our expertise in card-not-present (CNP) e-commerce fraud prevention
services offers enhanced protection to GSI Commerce, providing them with
real-time security against fraudulent credit card transactions,” said
Carl Clump, CEO of Retail Decisions. “GSI Commerce recognizes the
importance of protecting its merchants with a fraud prevention service
that provides consumers with a safe, unobtrusive online shopping
experience. We are pleased to have been selected by them for this
project and expect GSI to become an increasingly important customer for
us."
Retail Decisions’ ebitGuard is a fully managed (outsourced), real-time
fraud prevention service that reduces the up-front investment for a
fraud prevention solution and lowers operating costs. The service
combines neural technology with customized, merchant-specific velocity
and compound rules and human insight to provide a real-time risk
assessment recommendation while helping retailers to find the precise
balance between preventing bad transactions and maximizing good
transactions. In addition, ebitGuard screens payment cards against a
database of historic card usage, comprising over 75M card numbers
worldwide to provide a best-of-breed risk management service.
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 to the telecommunications industry in the US, and currently
supplies its services to over 45 telecom companies.
A global company, 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.
# # #
ebitGuard is a trademark of Retail Decisions, Inc. All other trademarks
are registered trademarks of their respective companies.
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