ACI Worldwide Honored with Innovation Excellence Award from Frost & Sullivan for eCommerce Fraud Prevention
February 20 2020 - 1:11PM
Business Wire
ACI’s eCommerce fraud prevention solution
lauded for its innovative multi-tiered approach and machine
learning capabilities
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
that Frost & Sullivan has honored the company’s UP Payments
Risk Management solution for merchants with its Innovation
Excellence award.
Innovation Excellence awards recognize companies that emerge as
leaders in Frost Radars. Key parameters independently analyzed by
Frost & Sullivan for its eCommerce fraud prevention report
included innovation scalability, R&D, product portfolio,
customer alignment, vision and strategy. The report indicates a
clear need for eCommerce fraud prevention solutions that utilize
behavioral analytics and leverage the power of machine learning
(ML) and artificial intelligence (AI). It also notes the importance
of using data to find patterns across networks, verticals and
geographies.
“Achieving excellence in innovation is never an easy task, but
it is made even more difficult considering today’s intensely
competitive environment, customer volatility, economic uncertainty,
and rapid technology evolution,” said Vikrant Gandhi, Industry
Research Director, Frost & Sullivan. “Within this context,
ACI’s recognition signifies an even greater accomplishment; it
demonstrates a visionary understanding of the future of eCommerce
fraud prevention that will help address emerging challenges and
opportunities.”
Frost & Sullivan specifically highlighted ACI’s multi-tiered
approach to fraud prevention, the flexibility this enables, and the
refined ML capabilities it provides to a production
environment.
“It’s an honor to be recognized by Frost & Sullivan as an
industry leader in eCommerce fraud prevention,” said Debbie Guerra,
EVP – merchant and payments intelligence solutions, ACI Worldwide.
“For more than two decades, ACI has been a leader in developing
merchant fraud solutions, and we continue to invest 17 percent of
revenue in new technology R&D annually—including neural
modeling, machine learning, and positive profiling—that help
merchants deliver a friction-free customer experience. Beyond our
technology, our strong and talented team of data scientists and
risk analysts continue to drive ongoing improvement strategies for
our customers, helping them react quickly in a dynamic
environment.”
Download the full Frost Radar analysis to see why Frost &
Sullivan named ACI’s UP Payments Risk Management solution for
merchants an industry leader for eCommerce fraud prevention.
About ACI Worldwide ACI Worldwide, the Universal Payments
(UP) company, powers electronic payments for more than 5,100
organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries, as well as thousands of
global merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our electronic bill presentment and payment services. Through our
comprehensive suite of software solutions delivered on customers’
premises or through ACI’s private cloud, we provide real-time,
immediate payments capabilities and enable the industry’s most
complete omni-channel payments experience. To learn more about ACI,
please visit www.aciworldwide.com. You can also find us on Twitter
@ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2020. ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP
logo, ReD, PAY.ON and all ACI product names are trademarks or
registered trademarks of ACI Worldwide, Inc., or one of its
subsidiaries, in the United States, other countries or both. Other
parties’ trademarks referenced are the property of their respective
owners.
Product roadmaps are for informational purposes only and may not
be incorporated into a contract or agreement. The development
release and timing of future product releases remains at ACI’s sole
discretion. ACI is providing the following information in
accordance with ACI's standard product communication policies. Any
resulting features, functionality, and enhancements or timing of
release of such features, functionality, and enhancements are at
the sole discretion of ACI and may be modified without notice. All
product roadmap or other similar information does not represent a
commitment to deliver any material, code, or functionality, and
should not be relied upon in making a purchasing decision.
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version on businesswire.com: https://www.businesswire.com/news/home/20200220005769/en/
Dan Ring E-mail: dan.ring@aciworldwide.com Phone:
781-370-3600
Christopher Taine (APAC/EMEA) E-mail:
christopher.taine@aciworldwide.com Phone: +49 (0) 89 45230 128
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