ACI Worldwide: Anti-Fraud Technology continues to evolve

ACI Worldwide releases updated technology for customer protection

The well-known payment systems provider, ACI Worldwide, has restructured its ACI Proactive Risk Manager Solution in an ongoing fraud combating mission.

In a survey completed, this year, of Banks, retail and payment processors on the topic of EMV (credit card chip and pin technology), mobile, fraud and market related inventiveness, it was revealed that 40% of the representative sample expressed that their greatest fears lie in fraud and the resulting risks.

Mike Braatz, SVP, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term Fraud Management Solutions, ACI Worldwide, explains: “As an industry, we must be vigilant and resolute in staying one step ahead of fraudsters, which admittedly can be challenging as new technology is constantly introduced. But, with the right plan and strong partners, retailers, banks and processors can ensure the continued protection of their customers and their data.”

ACI Proactive Risk Manager 8.2 (The updated solution):

*Further assists the banking end of the payment process to monitor transactions in both the card-not- present and whole-sale spaces.

*Makes shoppers’ details more transparent so that unusual activity is swiftly detected.

*Enables ACI customers to monitor payment risks, processing and irregularities, together.