|
CORPORATE BACKGROUND
Retail Decisions (ReD) was founded in January 2000. ReD is a payment card issuer and a world leader in card fraud prevention and payment processing.
ReD’s card issuing operations consist of fuel cards in Australia, the UK and Europe and pre-paid card operations also in Australia, the UK and Europe.
ReD's fraud prevention and payment processing operations located in Europe and the US assists retailers, telecommunications companies, oil companies, e-commerce retailers and banks to prevent the fraudulent use of payment and credit cards in both card-present (CP) and card-not-present (CNP) payment environments. This enhances their revenues and profitability.
Corporate highlights
|
2006 |
|
December |
ReD was acquired by Palamon Capital Partners. Palamon Capital Partners is a private equity partnership that invests throughout Europe in service-orientated businesses with high growth potential. |
| 2005 |
| December |
ReD acquires E Com Industries Pty Ltd, Australia’s largest prepaid gift card operator. |
| November |
ReD announces the acquisition of Fuelserv, the UK’s second largest operator by fuel volume, in the independent fuel card sector. |
| 2004 |
| March |
ReD achieves maiden profit before tax of £2.9 million and generates cash from operating activities of £9 million
ReD offers the ReD1 Gateway internationally. This is a fully managed service providing payment processing and fraud prevention from one single point of integration. |
| 2003 |
| September |
ReD enhances payment product to offer Dynamic Currency Conversion (DDC) through Chase Merchant Services |
| 2002 |
| January |
Completion of the acquisition of Motorcharge Ltd |
| February |
Acquisition of PaymentPlus LLC and its LiveProcessorTM technology announced |
| May |
Formation of ReD Consulting division |
| 2001 |
| May |
ReD acquires NestorCommerce, developers of the PRISM® suite of advanced risk management solutions for payment card issuers and acquirers. |
| 2000 |
| January |
Launch of ReD plc on the London Stock Exchange. |
|
