London, United Kingdom, May 19, 2011 --(PR.com
)-- World-leading fraud prevention provider Retail Decisions (ReD) extends its contract with Chevron for a further three years. The contract is for online authorisation of payment transactions including fuel cards and credit cards at Texaco-branded fuel forecourts.
Carl Clump, CEO of ReD, said: “ReD is at the forefront of online authorisation for the petroleum industry and screens transactions for the majority of petrol forecourts in the UK.
“We are one of the few companies in the country that cross reference all transactions against the UK Banking Industry Hot Card File, a daily-updated list of over 5 million reported lost or stolen cards. If fraudsters try to use cards that appear on this file, ReD knows to immediately decline them on behalf of any of its clients. We are delighted to continue protecting Texaco forecourts from fraud.”
The contract renewal demonstrates the value and reliability of ReD’s service. The speed of its ReD’s response times is critical when protecting companies which have high throughput at their point of sales. Last year, service availability for Chevron averaged 99.99%, with sub-second response times.
Retail Decisions (ReD) is a world leader in payment fraud prevention and payment processing. A specialist supplier to the payments industry worldwide, ReD has over 21 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 Air China, Coles, Comet, John Lewis, Singapore Airlines, Shell, Shoprite, Target, Tesco, Chevron, T-Mobile, Virgin Mobile and Walmart.
The company has offices in Australia, China, South Africa, United Kingdom and United States, with representation in India, Korea, Japan and South America.
More information about ReD please visit: www.redplc.com
Angela Yore of SkyParlour Ltd
Mobile: +44 7738 822956
Retail Decisions (ReD) Ltd
Carl Clump, CEO
Tel: +44 1483 728700
Kami Boyer, Head of Global Marketing
Tel: +44 1483 728700