LONDON - Retail Decisions (ReD), a payment card issuer and world leader in payment card fraud prevention, is announced today as a finalist in The National Business Awards for The Orange Best Use of Technology in Business Accolade. Retail Decisions is one of 10 finalists.
The technology being considered is Retail Decisions ReD Shield(TM) real-time fraud detection for card payments. ReD Shield(TM)is used globally by some of the world’s largest blue chip clients in sectors such as telecommunications, retail, travel, and the broader eCommerce sectors.
ReD Shield(TM)contains components to examine fraud from different perspectives in a way that is a totally non-invasive consumer approach, designed to control the ever-growing number of fraudulent attacks on merchants.
ReD’s managed fraud prevention services are dynamic and detect evolving fraud patterns globally, and protect merchants from the increasing threat of online fraud. ReD Shield(TM)always provides a firm transaction recommendation (accept, challenge, deny), to enable the merchant to recognise the course of action to take. Additionally, ReD provides regular risk reviews, international customer service support and access to unique global databases.
“As experienced in the UK, card-not-present (CNP) fraud accounts for more than half of all card fraud losses,” said Carl Clump, Chief Executive Officer, Retail Decisions. “We have developed a powerful, well-proven tool to help businesses protect themselves from payment card fraud, and it is a great pleasure for our people to be recognised for our achievements in this area.”
Commenting on the finalists of The Orange Best Use of Technology in Business category, Martin Lyne, Director for Small and Medium Enterprise for Orange, said: “The finalists for this category represent all that is great about British business. Technology is now an integral ingredient for both traditional and non-traditional businesses. You’d expect IT companies and web developers to be technologically savvy, but seeing engineering firms and construction companies embracing technology so energetically shows how adaptable new technologies have become. The finalists fall into two broad categories, those using technology as an enabler and those that have built their business on technology - which is going to present the judges with a real challenge.”
About Retail Decisions
Retail Decisions (ReD) is a payment card issuer and world leader in payment fraud prevention and payment processing. A specialist supplier to the payments industry worldwide, ReD has over 20 years experience in the fraud prevention market. Its blue-chip international clients come from the global telecommunications, retail, travel, petroleum, banking and the broader e-commerce sectors. They include Wal-Mart, Macy’s, Bloomingdale’s, Sears, Morrison’s, Tesco, Texaco, Shell, Boots, John Lewis, The Carphone Warehouse, Comet, Travelocity, T-Mobile and Virgin Mobile. The company has offices in the United States, UK, Mainland Europe, Australia, China and South Africa with representation in India, Japan, Korea, and South America.
More information about ReD please visit: www.redplc.com.
About The National Business Awards
Open to organisations of all sizes from all sectors across the UK, The National Business Awards is the UK’s most prestigious business recognition platform with its particular emphasis on success, innovation and ethical business. The National Business Awards connects the nations’ professionals through its annual awards ceremonies, year-round marketing and promotional activity and is United Business Media’s leading awards programme. For further information on The National Business Awards sponsored by Orange visit www.nationalbusinessawards.co.uk
Source: Retail Decisions (ReD)
Contacts: Carl Clump, Chief Executive Officer, Retail Decisions Ltd, Tel: +44-(0)1483-728700, Website: http://www.redplc.com. Gwyneth Pritchard, Head of Group Marketing, Retail Decisions Ltd, Tel: +44-(0)1483-794932, email: gpritchard at redplc.com
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