PRESS ARCHIVE

LONDON — 9th JUNE 2009 — Retail Decisions (ReD), a specialist supplier of fuel cards and market leader in fuel management, today announces its largest single deal in fuel site card acceptance with Chevron Corporation, a leading energy business. Chevron is known around the world through three brands: Chevron, Texaco and Caltex. This alliance doubles ReD’s Liquidcard network sites, making it the industry’s fastest growing network with more than 2,000 locations accepting Liquidcard across the United Kingdom.

With wide multi-brand network acceptance, flexible credit terms, vehicle support services and online account management, ReD’s Liquidcard gives its customers the benefits of choice, convenience and credit, whilst allowing Fleet Managers to control business costs.

“People and products are paramount to us when it comes to our choice of partners”, said Karen Goane, Manager, Fuel Card Sales at Chevron. “Retail Decisions’ strength in the fuel and fleet card markets makes it an ideal partner for Chevron. ReD LiquidCard acceptance will add greater value to our UK dealer network and demonstrate the ongoing strength of the Texaco customer offering”.

Carl Clump, Chief Executive Officer at Retail Decisions comments, “This is a very exciting announcement for us and marks a new stage in ReD’s evolution of its fleet card offering. This deal signals ReD’s rapid ascent in the fleet card sector and highlights our commitment to provide customers with a credible choice when it comes to a fully-fledged fleet card offer. Our partnership with Chevron Corporation is a fantastic leap forward for the fleet industry in the UK and for ReD Fuel Cards (UK)”.

Retail Decisions’ acquisition of a local UK Liquidcard business two years ago has taken this small player - that dealt mostly in local accounts with minimal fleet users - to a major nationwide multi-branded card, increasing its merchant base of 400 sites by 500 percent. This is a further testament to ReD’s global expertise in payment processing and record of transforming businesses.

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ReD LIQUIDCARD BENEFITS INCLUDE:
- Improved cash flow with flexible interest-free credit terms (subject to status and for business purposes only)
- Fully VAT compliant invoicing reducing administration requirements
- All fuel products charged at pump price
- No card charges
- 24/7 on-line account management and e-billing
- Control over purchases by cardholder
- Secure on-line network to minimise exposure to theft and fraud
- Detailed management information available in downloadable formats

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 telecommunications, retail, travel, petroleum, banking and the broader e-commerce sectors.  They include Wal-Mart, Macy's, Bloomingdale's, Sears, Texaco, Shell, Asda, Boots, John Lewis, The Carphone Warehouse, Comet, Travelocity, T-Mobile and Virgin Mobile. 

The company has offices in the UK, Mainland Europe, Australia, China, United States and South Africa with representation in India, Japan, and South America. 

More information about ReD please visit:  http://www.redplc.com/.

About Chevron

Chevron Corporation is one of the world’s leading integrated energy companies with subsidiaries that conduct business across the globe. The company’s success is driven by the ingenuity and commitment of approximately 62,000 employees who operate across the energy spectrum. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products and services; manufactures and sells petrochemical products; generates power and produces geothermal energy; and develops and commercialises the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, California. More information about Chevron is available at http://www.chevron.com.chevron/ has an extensive range of business in the UK including:
- Its North Sea exploration business based in Aberdeen
- An alternative energy operation, Chevron Technology Ventures, also based in Aberdeen
- One of the largest refineries in the UK in Pembrokeshire, South Wales
- Around 1,100 Texaco-branded service stations in the UK including the largest number of community and rural sites. Visit http://www.texaco.co.uk/ to find the nearest location
- A Texaco-branded network of fuel distributors providing fuel and lubricants for home heating, farming, and commercial and industrial use
- Five wholly-owned fuel storage terminals as well as stakes in a number of other fuel storage facilities and oil pipelines
- A successful fuel card business
- A consumer, commercial and industrial lubricants operation
- Aviation and marine fuel and lubricants services

For more information on Chevron, contact Daniel Schraibman on +44 207 719 4459 or via email at danielschraibman@chevron.com.