Retail Decisions Expands Footprint in Travel Industry: Opodo Selects Retail Decisions for Fraud Prevention.SURREY, England & HAZLET, N.J. -- Retail Decisions (ReD), the payment card issuer and a world leader in card fraud prevention and payment processing, is pleased to announce that Opodo, a leading Pan-European online travel company specializing in worldwide travel, selected ReD to provide fraud prevention services for its UK, German, French and Italian Web sites. Opodo is owned by Amadeus, the biggest processor of travel booking in the world. "ReD is well known for its depth of experience in providing the travel sector with fraud prevention and payment processing," said Carl Clump, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Retail Decisions. "We are delighted to have been chosen by one of the world's most successful online travel companies and look forward to helping their team fight fraud, while safeguarding their revenue potential and optimizing their internal fraud prevention costs." Retail Decisions will also process German Direct Debit direct debit Noun an order given to a bank or other financial institution by an account holder to pay an amount of money from the account to a specified person or company at regular intervals direct debit n (ELV ELV End-of-Life Vehicles ELV Expendable Launch Vehicle ELV Extra Low Voltage ELV Emission Limit Value (environmental protection) ELV Elektronisches Lastschrift Verfahren (German method of payment) ) transactions from the German Opodo Web site. Opodo addresses the real needs of today's traveler by offering an unbiased and competitively priced online travel service for world travel, with access to flights from over 500 airlines, over 65,000 hotel properties and over 7,000 car hire locations worldwide, as well as travel insurance. "We are confident that Retail Decisions' fully integrated fraud prevention service will assist our anti fraud team in spotting fraud much earlier in the transaction lifecycle, while maximizing our optimal good sales potential," said Ignacio Martos, Opodo. "Retail Decisions has an outstanding reputation in serving the travel sector in its fight against fraud." Opodo joins an impressive list of ReD's blue chip travel related company clients that include: Travelocity, Hotwire, Thomas Cook For the company, see Thomas Cook AG. Thomas Cook (22 November 1808 – 18 July 1892) of Melbourne, Derbyshire, founded the travel agency that is now Thomas Cook AG. He was brought up as a strict Baptist and joined his local Temperance Society. , Harvey World Travel and Travelex. Retail Decisions', CNP (Certified Network Professional) A professional designation and accreditation given to individual IT networking professionals by the Network Professional Association (www.npa.org). Fraud Prevention service, ReD Shield, is a fully outsourced, real-time service that removes the requirement for a retailer to make a capital investment in a fraud prevention system and lowers on-going operating costs operating costs npl → gastos mpl operacionales . The service combines neural technology with customized, merchant-specific velocity and compound rules coupled with ReD's expertise. ReD Shield provides a real-time risk assessment recommendation designed to allow retailers to reach a balance between preventing fraudulent transactions, while maximizing good transactions. About Opodo Opodo was created by nine of Europe's leading airlines - Aer Lingus Aer Lingus is Ireland's national airline. Based in Dublin, it operates 41 Airbus aircraft serving Europe, Africa, North America and the Middle East. The airline is 28% owned by the Irish government; it was floated on the Dublin and London Stock Exchanges on 2 October 2006, , Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde , Alitalia, Austrian Airlines, British Airways, Finnair, Iberia, KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) and Lufthansa. Amadeus, the travel technology company based in Madrid, took a 55% controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the company in June 2004, which increased to 74% in March 2005 and to 75.4% in June 2005. Opodo operates in nine European markets: Germany, UK, France, Italy, Spain, Norway, Denmark, Finland and Sweden. Companies within the Opodo Group: Opodo.co.uk, Opodo.de, Opodo.fr, Opodo.es, Opodo.it, Quest Travel, (UK independent long-haul travel specialist), Karavel, (a leading French online tour operating company operating company A business that engages in transactions with outsiders. ), Vivacances (French online travel agency) and Travellink (Nordic online travel agency). About Retail Decisions Retail Decisions (ReD) is a payment card issuer and world leader in card fraud prevention and payment processing. A specialist supplier to the payments industry worldwide, ReD has over 18 years experience in the fraud prevention market. Its blue-chip international clients come from the global telecommunications, retail, travel, petroleum, logistics, banking and the broader e-commerce sectors. They include Wal-Mart, Macy's, Bloomingdale's, Tesco, Texaco, Shell, Asda, Comet, Travelocity, T-Mobile and Virgin Mobile. Based in the UK, the company has offices in the United States, Australia and South Africa with representation in Japan and South America. More information about ReD is available at www.redplc.com. |
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