ReD Makes Changes at Top

Aug. 11, 2011

Retail Decisions (ReD), a London-based payment fraud prevention and payment processing provider, said CEO Carl Clump has been named group chairman and Paul Stanley has assumed Clump’s former role. Stanley joins the company from First Data International, where he most recently 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, he was a director at LINK Interchange Network Ltd, and CEO of Moneybox Plc. “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,” said Stanley. “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.” As group chairman Clump will retain responsibility for further developing the Asia Pacific market.