Raphaels Bank implements ReD fraud prevention technology for Cash2Go card
Retail Decisions (ReD), the payment card issuer and a world leader in card fraud prevention and payment processing, is pleased to announce today that Raphaels Bank (R Raphael & Sons plc), a private bank with a leading role in the emerging UK prepaid market, has selected ReD to provide fraud prevention and integrated payment gateway services for the Cash2Go pre-paid travel debit card.
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Cash2Go is an innovative new card which allows immediate access to travel funds when needed, allowing cardholders to use their money at around 9 million shops and restaurants and 1 million cash machines worldwide. The card is pin protected, providing peace of mind and is easy to use with purchase, top-up and account information all available on-line.
Raphaels Bank is part of the Lenlyn Group, which includes International Currency Exchange and Southern Finance. Mike Smith, Group Marketing Director said: "We're delighted to have got Cash2Go fully on-line. ReD's payments industry knowledge and high reputation was instrumental in accelerating the time to market for the launch of Cash2Go over the Internet."
ReD's fraud prevention and fully integrated payment gateway made the decision to select ReD an easy one."
Carl Clump, CEO of Retail Decisions plc, added: "Cash2Go is set to revolutionise the way we make use of money overseas and we are delighted to be part of this innovative new product offering. Raphaels Bank joins a client list which includes the world's largest retailers, travel organisations, telecommunication companies and leading financial institutions, that have chosen ReD for our best of breed fraud prevention and payment services and our commitment to our clients' commercial success."