ACI Worldwide and BigDataCorp Deliver Safer Access to eCommerce in Brazil Through Increased Fraud Detection Accuracy
April 14 2021 - 8:00AM
Business Wire
- CPF identity verification service helps merchants identify
genuine customers, adds extra layer of validation to keep
fraudsters at bay
- Joint solution increases fraud detection accuracy and boosts
acceptance rates
- Merchants benefit from operational efficiencies and reduced
fraud and chargebacks
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
that it has partnered with BigDataCorp, a leading Latin American
data specialist, to provide eCommerce merchants operating in Brazil
with a CPF (Cadastro de Pessoas Físicas or Natural Persons
Register) identity verification service, which adds an extra layer
of validation for genuine customers. With this service, merchants
in Brazil can ensure only legitimate orders are approved.
The CPF number, assigned to individuals by the Brazilian revenue
agency, is a taxpayer registry identification number, which
merchants can use to validate a purchase by checking if a customer
is in good standing. With the ACI Secure eCommerce and BigDataCorp
solutions, merchants can send and cross-reference specific CPF data
for validation, allowing them to safely transact with Brazilian
customers and easily detect any fraudulent activity. The
BigDataCorp solution works seamlessly with ACI Secure eCommerce to
increase fraud detection accuracy without the need for technical
integration.
“Fraud is prevalent in Brazil and chargebacks are commonplace.
In addition, poor transactional data quality and availability can
make fraud detection a challenge. The CPF card is essential to
enabling a successful checkout experience,” said Thoran Rodrigues,
CEO, BigDataCorp. “The addition of the CPF card validation in an
order provides merchants with a higher level of confidence around
the authenticity of a purchase and helps them contain costs by
reducing fraud and chargebacks. Our partnership with ACI is
important for merchants looking to expand their business in
Brazil.”
With the ACI and BigDataCorp partnership, required data is
submitted to the third party on behalf of merchants. A real-time
callout, data and communication exchange improves fraud detection
accuracy and delivers enhanced control of the fraud and customer
management processes. Merchants can increase operational
efficiencies by reducing manual review volumes, which results in
not only cost savings, but also market growth.
“While Brazil has seen a significant boost in eCommerce over the
last year, fraud has also run rampant. With mobile commerce
expected to reach $20 billion by 2023, merchants and their
customers need extra protection,” said Debbie Guerra, executive
vice president, ACI Worldwide. “By partnering with BigDataCorp, we
are enabling our customers and prospects to safely do business in a
key emerging market, with an increasingly mobile-first
population.”
About ACI Worldwide
ACI Worldwide is a global software company that provides
mission-critical real-time payment solutions to corporations.
Customers use our proven, scalable and secure solutions to process
and manage digital payments, enable omni-commerce payments, present
and process bill payments, and manage fraud and risk. We combine
our global footprint with local presence to drive the real-time
digital transformation of payments and commerce.
© Copyright ACI Worldwide, Inc. 2021 ACI, ACI Worldwide, ACI
Payments, Inc., ACI Pay, Speedpay 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.
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Media Contacts Dan Ring dan.ring@aciworldwide.com
781-370-3600
Nidhi Alberti nidhi.alberti@aciworldwide.com 781-370-3600
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