SSB Group to implement ACI card fraud detection software
27 October 2004 | 4476 views | 0
Italian card payments processor SSB Group has licensed ACI's Proactive Risk Manager software in an effort to stem increasing levels of debit and credit card fraud.
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 fraudulent activity.
The company will also use the system's Java-based Web capabilities to offer fraud prevention services to its 200 member banks, which will help them to react more quickly to fraudulent and criminal card activity.
Gian Bruno Mazzi, CEO and MD, SSB, says: "ACI Proactive Risk Manager will have a significant impact on our business, delivering increased efficiency and reducing the risk of fraud across our bank network."
The product replaces a number of disparate systems, some developed in-house, as well as some services from its international switch providers.
ACI says the new software will integrate with existing systems at SSB, which will enable 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 integrated with the existing switching and routing software on an HP NonStop server.