ACI
Worldwide (NASDAQ: ACIW), a leading international provider of
banking and payment systems, today announced the release of the latest
version of ACI Proactive
Risk Manager, the company’s payments fraud management solution.
Designed to help customers better detect and prevent fraud across a
range of payment types, Release 8.2 offers unprecedented flexibility in
monitoring both online and mobile channels, as well as wholesale
transactions including wire and ACH for potential fraud. This will
enable businesses to more quickly and easily uncover and mitigate
incidents before they adversely impact the bottom line.
With an expanded set of transactional and contextual data feeds, fraud
managers in both retail and commercial banking environments will now
have more information at their fingertips, including additional
demographic, financial and non-financial data elements to detect and
evaluate suspicious events.
“Faced with pervasive cybercrime and the need to comply with layered
security and monitoring regulations, many of our customers are realizing
the importance of implementing a flexible, integrated fraud detection
and prevention solution across all channels and payments products,” said
Mike Braatz, senior vice president, fraud products, ACI Worldwide. “The
fraud survey we conducted last fall indicates that customer satisfaction
rates are highest when the company or institution proactively detects
fraud and enables their customers to play a role in the process. The new
capabilities within Proactive Risk Manager further strengthen our
customers' ability to monitor fraud across online and mobile channels,
as well as wholesale payment activity. We are pleased that many of our
global customers have or are currently migrating to Release 8.2 to take
advantage of these new features.”
New features in Release 8.2 include:
-
One-click event monitoring. In addition to enhanced data
options for in-depth monitoring of online and mobile banking
transactions, this release introduces more ways to monitor data and
related events. With just one click, analysts can view all activities
and entities associated with a particular event, such as account,
login, customer, merchant, terminal or employee, which will streamline
investigations and speed fraud detection.
-
Integration across on-premise and on-demand payment solutions.
Fraudsters continually look for ways to exploit disparate systems,
targeting the weakest link in the payments system architecture.
Proactive Risk Manager 8.2 ensures interoperability across the latest
versions of related ACI on-premise and on-demand systems, including
ACI Enterprise Banker and ACI Money Transfer System. This will enable
commercial customers to see a unified view of payments processing,
monitor usage anomalies across all channels and actively mitigate
wholesale payments risk. This combined approach to fraud leverages the
system’s truly integrated fraud detection, sanctions filtering and
suspicious activity monitoring.
-
Added flexibility via new data formats. Release 8.2 offers more
than 100 additional data options and takes advantage of new ACH XML
and expanded wire XML message formats facilitating enriched data
options for profiling, analyzing and detecting fraud, putting more
control in the hands of the fraud team. Proactive Risk Manager 8.2’s
adherence to industry standard XML formats also ensures that any data
formats analysts use today can seamlessly be integrated with other
platforms across the payment architecture as needed.
“Fraudsters are nimble and innovative, and are heavily targeting banks’
online, mobile and call center channels,” said Julie Conroy, research
director, Aite Group. “FIs need to look for solutions that can enable
them to be equally nimble, can present actionable information to
investigators quickly and effectively, and can analyze customer behavior
across products and channels.”
ACI’s Proactive Risk Manager 8.2 is currently available. For more
information, visit http://www.aciworldwide.com/paymentsfraud.
Additionally, information and results from ACI’s annual fraud survey can
be found at http://www.aciworldwide.com/Annual-fraud-survey.
Notes to editors
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 2,600
financial institutions, retailers and processors around the world. ACI
software enables $13 trillion in payments each day, processing
transactions for 14 of the leading retailers globally, and 24 of the
world’s 25 largest banks. Through our integrated suite of software
products and hosted services, we deliver a broad range of solutions for
payments processing, card and merchant management, online banking,
mobile, branch and voice banking, fraud detection, and trade finance. To
learn more about ACI and the reasons why our solutions are trusted
globally, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
parties’ trademarks referenced are the property of their respective
owners.
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI’s sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code or
functionality, and should not be relied upon in making a purchasing
decision.
Copyright Business Wire 2013