SSB selects ACI Worldwide for proactive card fraud prevention

Wednesday 27 October 2004 10:08 CET | News

SSB Group, the largest card processor in Europe, has licensed ACI Proactive Risk Manager software to address the increasing levels of card fraud in Europe and offer additional fraud detection and prevention services to its core customer base of 200 European banks.

SSB will deploy ACI Proactive Risk Manager for Debit and Credit Card Fraud Detection at its headquarters in Milan to track domestic and international card transactions for potential fraud activity. SSB is using the solutions Java-based web capability to offer fraud prevention services to its member banks. This will enable SSBs network of banks to react more quickly to fraudulent and criminal card activity. In turn this will minimise the impact of fraud on cardholders. The customised rules-based workflow at the core of ACIs software will enable SSB to allocate its resources more efficiently thereby reducing costs. Previously, SSB was using a number of separate tools, some developed in-house, as well as some services from its international switch providers. The new software will integrate with existing systems at SSB to deliver greater overall efficiency of the transaction processing system and a complete transaction lifecycle fraud solution. This will also enable the banks in the SSB network to easily access customer information for more detailed customer profiling. SSB will run ACI Proactive Risk Manager on a Windows server fully integrated with the existing switching and routing software on an HP NonStop server.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce


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