LONDON, September 16 /PRNewswire/ --     Retail Decisions (ReD), a card issuer and a world leader in card fraud
prevention and payment processing is pleased to announce a new research and
development project in conjunction with City University London, the UK's
leading research centre in neural computing. The project will focus on
enhancing and advancing ReD's neural technology PRISM(R).

PRISM(R) is ReD's proprietary neural technology developed by Nobel Prize
winning scientist, Dr. Leon Cooper. The PRISM product line utilises both
predictive neural and rules-based technologies and is designed to keep pace
with the ever-changing patterns of behaviour in the area of financial fraud.

Total losses on UK-issued payment cards rose by 25 per cent in
2007 to GBP535.2m according to payments group APACS; that is more than GBP10m
being lost every week by UK businesses despite the tools already put in place
to tackle the problem.

Dr. Mark Goldspink, Managing Director of ReD Merchant Services
said: "ReD's fraud prevention systems review 14 billion card transactions
around the globe, annually. ReD prevents around GBP600m in attempted
fraudulent purchases for our clients every year. ReD is committed to
advancing payment fraud detection by working with the research team at City
University London. City University London takes a refreshing approach to
working with commercial partners and together we are looking at the future of
fraud prevention."

Nick Ryman-Tubb, honorary visiting research fellow at City
University London, heading up the anti-fraud research said: "We are delighted
to welcome ReD to the growing number of businesses who are joining with
academia to solve real-world problems. We are confident that our research at
City University London will have a major impact on helping to prevent card
crime."

Neural computing has already proven to be a good ally in the
war against sophisticated payment fraud, so this leading edge research with
City University London, will help strengthen ReD's core neural computing
technology which is used daily to screen millions of payment transactions.

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 20+ years experience in the fraud
prevention market. Its blue-chip international clients come from the global
retail, telecommunications, 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, India, China and South America.
More information about ReD is available at http://www.redplc.com.

About City University London

The Department of Computing at City University London has for
many years been involved in the research and development of distributed and
intelligent systems, shaping them to the demands of problems in engineering,
bioinformatics, business and creativity, through a number of EPSRC, UK and
European funded collaborative projects. The department's Artificial
Intelligence (AI) and Software Engineering teams have both been involved in
applied research on AI, machine learning and neural networks.

About Nick Ryman-Tubb

Nick Ryman-Tubb founded and ran a UK neural firm that today
scrutinises billions of telephone calls every day that protects 1-in-7 of the
world's mobile telephone subscribers from fraud. He has developed solutions
for businesses using neural computers for almost 20-years. He is a well-know
innovator, with successes such as the first neural computer to "taste
champagne" and "sniff out explosives and drugs" - headlined by the national
press as "The Computer with the Hooter", he has pioneered "thinking"
computers in the telecommunications and financial sector for detecting fraud.
Today he is researching new neural approaches at the Department of Computing
at City University London.

Contacts:
    Carl Clump                       Kami Boyer
    Chief Executive                  Head of Group Marketing
    Retail Decisions                 Retail Decisions
    Tel : +44(0)1483-728700          Tel: +44(0)1483-728700
    email : ceo@redplc.com           email: kboyer@redplc.com