ACI Worldwide launches fraud management solution to protect against UPI payments fraud

Thursday 5 November 2020 11:41 CET | News

US-based real-time digital payments provider ACI Worldwide has announced the launch of its ACI Fraud Management solution to protect against UPI payments fraud.

The company informed that the solution enables Indian banks to protect the growing number of Unified Payments Interface (UPI) transactions across the region.

ACI Fraud Management, delivered via the cloud, offers scalability at lowered costs and can be deployed without changes to a bank’s existing UPI solution. It can approve or decline transactions based on consumer behaviour, counteract SMS spoofing, and blacklist fraudulent accounts. Banks benefit from custom-defined workflows and scoring methods, centralised auditing, and automated case updates. The solution alerts account holders to potential fraud events, enabling them to confirm or deny transactions.

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Keywords: ACI Worldwide, India, Asia, product launch, fraud prevention, fraud management, UPI payments, fraud events, scoring methods, centralised auditing, automated case updates
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: India
This article is part of category

Securing Transactions