24 August 2017
Find out more

Bancaja selects ACI's Proactive Risk Manager to detect card fraud

08 May 2003  |  3610 views  |  0 Bancaja selects ACI's Proactive Risk Manager to detect card fraud

Spanish savings bank Bancaja has licensed ACI's Proactive Risk Manager software to detect and monitor debit and credit card fraud.

Bancaja will integrate version 6.1 of Proactive Risk Manager with its existing processing system. The software will be used to detect fraudulent debit card transactions initiated via ATMs and POS devices and to alert personnel of any suspicious activity.

The bank will use the rules-based version of the product, which compares details of each transaction with recorded patterns of behaviour for every cardholder and assesses the risk of each transaction using a variety of parameters and accumulated statistics, which it maintains and re-calculates in real time.

The software also includes a Web-enabled graphical user interface (GUI) that allows investigators to access the system through the Internet.

Mark Vipond, president of ACI Worldwide, says the software can help banks meet new government and card association regulations while also protecting their customers.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related company information

ACI Worldwide

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
22411 views comments | 47 tweets | 90 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12174 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11660 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11390 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10968 views 0 | 7 tweets | 1 linkedin

Featured job

London, UK (or flexible)

Find your next job