Netflix, Inc. Selects Retail Decisions for Real-time Electronic Payment Processing
HAZLET, NJ (October 15, 2002) -- Retail Decisions, an international
supplier of payment card, ebusiness and fraud prevention services, today
announced that it has entered into an agreement with Netflix, Inc., the
world`s largest online DVD rental service, to provide payment processing
solutions utilizing Retail Decisions` LiveProcessor electronic payment
software. LiveProcessor will process credit card and check transactions
made by Netflix`s more than 742,000 customers across the USA each month.
Netflix is the easiest way to rent movies on DVD. With no due dates and
no late fees, subscribers can choose movies over the Internet from
Netflix`s extensive selection of more than 12,000 DVD titles. New titles
are added every week, enough to keep even the biggest movie buff busy.
Movies are delivered to customers by US mail in postage-paid return
envelopes, and can be kept as long as they like for a flat fee of $19.95
per month.
"With our rapidly increasing transaction volumes and customer base, we
required a much more robust and powerful authorization engine than our
previous gateway solution," said Andy Rendich, Director of Development
at Netflix. "Retail Decisions` LiveProcessor software is used by many
high-volume, high-profile ebusinesses, and we are confident that this
proven solution will become an integral part of our day-to-day
order-taking operations."
"Retailers like Netflix, RealNetworks, Buy.com and other leading
companies have, over the past few months, come to rely on Retail
Decisions for the kind of reliable, scalable and secure credit card and
check payment processing capabilities that the LiveProcessor engine
delivers," said Carl Clump, CEO of Retail Decisions. "We are pleased to
add Netflix to our expanding list of customers, and we look forward to
serving Netflixs mission-critical electronic payment processing needs
as their business expands."
With over 100 installations of LiveProcessor in the US, LiveProcessor
customers complete an estimated 13 million card-not-present transactions
in 23 currencies on a monthly basis.
LiveProcessor combines online, call center, retail and IVR transactions
into a single system, and integrates real-time authorization, batch
processing and settlement functionality with existing order processing,
subscription and electronic commerce systems. LiveProcessor is the only
payment processing application in the world to support Visa CVV2 and
Amex CID security codes, procurement level 2 and 3 cards, electronic
check processing, foreign currency settlement support and multiple bank
interfaces in a single product. Clients of the company include Hotwire,
Nextel Communications, Research In Motion, ShopNBC, Tupperware and Unicity.
About Netflix
Launched in 1998, Netflix (Nasdaq: NFLX) is the world`s largest online
DVD rental service, providing more than 742,000 subscribers with access
to a comprehensive library of over 12,000 DVD titles. For $19.95 a
month, Netflix subscribers can rent as many DVDs as they want, with
three movies out at a time, and keep them for as long as they like.
There are no due dates and no late fees. DVDs are delivered directly to
the subscriber`s address by first-class mail from 11 distribution
centers throughout the United States. The company also provides
background information on DVD releases, including reviews, member
reviews and ratings and personalized movie recommendations. For more
information on the company, visit www.netflix.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, 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.
# # #
LiveProcessor is a trademark of Retail Decisions, Inc. All other
trademarks are registered trademarks of their respective companies.
Christine McIndoe
christine@cbkgroup.com
Senior Account Executive
The CBK Group
Advertising and Public Relations
201-556-9404 x137
fax:201-556-9405
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