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ACI Worldwide reveals ML capability for payment fraud reduction

Tuesday 10 March 2020 12:22 CET | News

ACI Worldwide has announced the launch of its new ‘Incremental Learning’ technology – an industry-first approach to machine learning.

The solution aims to facilitate fraud protection for merchants and financial institutions and their customers. The company has filed a patent application for its ‘Incremental Learning’ tech, which is being implemented in machine learning models within ACI’s fraud prevention solutions, including Proactive Risk Manager, which delivers enterprise fraud management capabilities for financial institutions and intermediaries; and ACI ReD Shield, which underpins ACI’s secure ecommerce and merchant fraud management capabilities.

‘Incremental Learning’ models are able ‘to think for themselves’ and make small adjustments on an ongoing basis to ensure they remain relevant, even as fraudsters and genuine consumers change their behaviours. 

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Keywords: ACI Worldwide, launch, machine learning, payment fraud, banks, merchants, electronic payment, banking, ML, financial institutions, risk management, ecommerce, fraud prevention
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions