ACI Empowers Everlink to Launch New Machine Learning Fraud Management Solution
September 09 2019 - 8:00AM
Business Wire
ACI’s UP Payments Risk Management solution
delivers adaptive machine learning and regression modeling to
Everlink’s eSCORE
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced
that Everlink Payment Services Inc., a leading provider of payments
solutions and services for credit unions, banks, and small and
medium enterprises across Canada, has extended its deployment of
ACI’s UP Payments Risk Management solution to drive its new machine
learning fraud management solution – eSCORE™.
Having recently launched a co-badged debit card product which
offers additional channels for use, including card-not-present
transactions, Everlink needed to enhance its fraud prevention
strategies for both its credit union and bank partners, as well as
their members. The company required an intuitive machine learning
offering to scale up its existing skills and expertise and drive
efficiencies while maintaining high security standards. Leveraging
the ACI Model Generator™ within UP Payments Risk Management,
Everlink quickly built and deployed machine learning models to
drive its eSCORE fraud management solution, which analyzes multiple
features of each debit card transaction and prevents face-to-face
and card-not-present fraud.
“As payment card fraud continues to evolve, we needed to protect
our clients and their customers as they encounter new risks brought
on by innovative payment options such as mobile wallets and
co-badged debit cards,” said Michelle Burger, General Manager, Card
Management and Fraud Solutions, Everlink. “With ACI’s Model
Generator, we’re able to use advanced machine learning to analyze
face-to-face and card-not-present debit card transactions,
enhancing fraud detection rates and reducing false positives.”
“Everlink has contributed to Canada’s market-wide low debit card
fraud rates, and now its market leading offering, eSCORE, will take
the brand and its market share to new heights,” said Cleber
Martins, Head of Payments Intelligence, ACI Worldwide. “ACI’s Model
Generator was designed to enable multiple options and flexibility
in machine learning deployments, and it has empowered Everlink to
become a differentiator in the market with its new machine learning
solution.”
ACI’s UP Payments Risk Management solution offers banks,
financial intermediaries and merchants a cloud-based, 360-degree
approach to enterprise fraud management. The ACI Model Generator
makes data accessible and relevant by extracting new and valuable
customer insights from the massive amounts of data available – big,
small, dispersed or centralized. Operators are empowered to build
new and unlimited analytics models within mere hours, expanding the
already powerful capabilities now offered with UP Payments Risk
Management.
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. 2019 ACI, ACI Worldwide, the ACI
logo, ACI Universal Payments, UP, the UP logo and all ACI
product/solution 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/20190909005092/en/
Dan Ring E-mail: dan.ring@aciworldwide.com Phone:
781-370-3600
Nidhi Alberti Email: nidhi.alberti@aciworldwide.com Phone:
781-370-3600
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