First Data and Retail Decisions to Offer Enhanced Card-Not-Present Fraud Solutions

As part of its global processing capability, First Data Corp., a global leader in electronic commerce and payment services, in affiliation with Retail Decisions (ReD), a world leader in card fraud prevention and payment processing services, announced today the launch of an enhanced fraud detection solution for First Data’s global online merchants.

First Data’s global processing services combines its expertise in electronic payment processing, customized service bundling and streamlined back-office efficiencies with its international growth to provide payment solutions to multinational merchants. First Data’s scale, breadth of services and global reach allow it to offer a single processing relationship for large global merchants.

The fraud solution will provide merchants with multi-layer fraud prevention, which will reduce chargebacks and manual validation expenses. First Data currently provides merchants with an array of risk and fraud solutions and will now offer a fraud prevention tool fully integrated with its payment processing capabilities for worldwide e-commerce merchants.

Pam Patsley, president, First Data International said, “As we continue to offer international merchants processing solutions, it is important that we help them differentiate their business with a robust, global solution for fraud prevention. Our clients now have access to a powerful and comprehensive risk management tool that will reduce fraud costs and allow retailers around the world to expand their business and safely accept payment transactions.”

Using ReD’s neural scoring and predictive technologies, fraud will be identified and reduced without the prevention or delay of good transactions.

Carl Clump, CEO of Retail Decisions said, “We are delighted to partner with First Data to offer their merchants enhanced fraud prevention solutions. This solution will enable First Data’s merchants to reduce their fraud and enhance customer relationships while increase their revenue. This agreement is a testament to ReD’s breadth and depth of fraud prevention expertise.”

With platform integration underway, it is anticipated that the combined offering will be available to merchants by the end of the first quarter 2006.