The extension will see ReD screen for card fraud and process more than 15 million payments per year across all Virgin Mobile channels.
ReD’s figures show there was a 50 per cent rise in attempted card fraud in prepay top-up in 2006 compared with 2005. ReD’s figures indicate that 58 per cent of fraudsters were less likely to re-offend with the same merchant after an unsuccessful attempt.
Virgin Mobile head of financial services Anita Dougall-Bains said: “Over the past five years, Virgin Mobile has experienced significant growth in customer numbers. ReD’s technology has helped us maintain a fast and reliable payments service throughout.”