Partnership Opens Credit Card Fraud Protection Services
to Small-to-Medium-Sized Banks
HAZLET, N.J.--July 25, 2001--
Retail Decisions plc (LSE: RTD), an international supplier of
payment card risk management services, announced today that the
company has signed a partnership agreement with First Ecommerce Data
Services Limited (FEDS), a global, multi-currency e-payment processing
solution company targeting small-to-medium-sized banks.
FEDS is a wholly owned subsidiary of First Ecom.com Inc. (NASDAQ:
FECC, BSX: FECC, FECC BH). The referral marketing agreement will
enable FEDS to offer Retail Decisions` risk management and fraud
detection services as an extension of its product offerings to
clients.
"FEDS is one of the first offshore credit card transaction
processing companies to offer multi-currency processing and
settlement," said Carl Clump, CEO of Retail Decisions. "This
relationship will enable us to introduce our services to the FEDS
client base and help us strengthen our position within the offshore
international banking community. This is a tremendous testimony to the
value of our fraud prevention services and their increasing
applicability on a global basis."
Retail Decisions and FEDS are joining marketing efforts to provide
customers with added-value solutions. The relationship will provide
Retail Decisions with a new distribution channel for its fraud
protection services and FEDS benefits by being able to offer its
clients a leading fraud protection service.
"After an extensive search of the marketplace, it became clear to
us that Retail Decisions was a true leader in the credit card fraud
protection arena," said David Lema, Chief Executive Officer of FEDS.
"In addition to its neural technology and expansive global lost and
stolen cards databases, Retail Decisions provides a customized fraud
protection solution which is based on our clients` specific
requirements." We are confident that our relationship with Retail
Decisions will prove beneficial to our client base."
About Retail Decisions
Retail Decisions (www.redplc.com) is a card-based transactions
services business that provides fraud prevention to the finance,
telecommunications, retail and e-commerce industries. By leveraging
both, rules-based and predictive neural risk management and analysis
tools, Retail Decisions is able to identify and prevent payment card
fraud. The company currently protects nearly 10,000 retail sites
globally. In 2000, Retail Decisions processed more than 1.25 billion
card transactions, stopping an estimated $113 million in fraudulent
purchases.
Retail Decisions 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 telecoms companies.
ReD is publicly traded on the official list of the London Stock
Exchange under the trading symbol, "RTD". More information about ReD
is available by visiting the company Web site at
http://www.redplc.com.
About First Ecommerce Data Services Limited (FEDS)
A wholly owned subsidiary of First Ecom.com Inc. (NASDAQ: FECC,
BSX: FECC, FECC BH), FEDS provides banks and financial institutions in
the Asia Pacific, Americas and Caribbean region with universal,
secure, cost efficient electronic payment solutions.
FEDS is an independent third-party processor. It works with
existing processors and financial institutions to provide merchants
with a multi-currency, advanced electronic payment processing
solution. The FEDS Processing Solution supports both online and batch,
processing for credit and debit cards as well as real time
authorization, electronic merchant settlement and comprehensive risk
management and financial reporting services.
For more information, visit www.fedsinternational.com or contact
FEDS at +(441) 296-FEDS (3337).
Retail Decisions and ReD are registered trademarks of Retail
Decisions, Inc. Other company and product names are the trademarks of
their respective companies.
CONTACT: CBK Group
Carol Romeo, 973/925-2661, Ext. 110
carol@cbkgroup.com
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