Retail Decisions (ReD), the payment fraud prevention and payment processing solutions provider, has announced changes to its board which will see Carl Clump become Group Chairman and Paul Stanley appointed Chief Executive Officer.
Paul Stanley joined as CEO from 1st August. Paul joins from First Data International, where he last served as Managing Director and Senior Vice President of its financial services business for the European, Middle Eastern, African and Asian regions. Prior to that, Paul was a director at LINK Interchange Network Ltd, and CEO of Moneybox Plc.
Paul brings to ReD a long-standing track record as an executive and entrepreneur in payments businesses globally. His international experience will be valuable in leading ReD to its next phase of international growth.
"Paul Stanley, CEO said I am very excited to be joining the ReD team at this key point in the development of the business. Risk management, security and fraud protection in payments are significant growth areas in the industry and ReD has developed unique intellectual property and a strong team to address this market. I am grateful to Carl for his outstanding leadership of the business over the last 11 years, and look forward to working with the team to deliver further growth and success."
After over eleven years as CEO, guiding ReD through a period of sustained growth internationally, Carl Clump takes on the role of Group Chairman. Amongst Carl's responsibilities will be further developing the Asia Pacific market.
Carl Clump, Group Chairman of ReD, said: "Year on year since 2000, ReD has seen astounding growth of 18% compound growth in revenues and a 39% compound increase in operating profit, prior to the company refocusing on its fraud prevention business. It's a credit to all our staff over the years, and I would like to thank them all very publicly. ReD has transformed from being a card present UK centric fraud prevention provider to a global leader in e-commerce fraud prevention and payment processing, serving many of the world's largest multi-national blue chip brands. It has been an honour to serve as CEO and I look forward to my new role as Group Chairman and wish Paul Stanley every success for the future."