ACI Fraud Management Wins at 2022 Merchant Payments Ecosystem Awards
ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software, received further industry recognition with ACI Fraud Management for Merchants winning the Most Innovative Fraud Prevention Solution category at the recent Merchant Payments Ecosystem Awards in Berlin.
An independent panel of leading industry experts chose ACI for its patented incremental learning technology within its real-time fraud management platform, which represents a considerable advancement over the traditional approach to machine learning.
Developed by ACI’s Data Science team, incremental learning ensures that fraud scoring models remain relevant through self-learning and continuous adaptation without extensive re-training. It maximizes acceptance rates while reducing fraud, improving operational efficiencies and increasing decision-making transparency around decisioning.
“We are thrilled to be recognized by MPE Awards for the continuous innovation that underpins our approach to fraud management. Innovation is now paramount, as fraud is evolving more rapidly than ever,” said Basant Singh, Head of Merchant, ACI Worldwide. “While it is imperative to be highly adaptable and responsive to emerging threats, fraud management cannot be at the cost of conversions, or add friction to the shopper experience. This is an area where ACI Fraud Management for Merchants excels in meeting changing merchant needs.”
The latest recognition from Merchant Payments Ecosystem reinforces ACI Worldwide’s global leadership position in real-time fraud management. The real-time, multi-layered, fraud management solution is designed to meet the needs of merchants and payment service providers (PSPs), either as a standalone solution or as part of ACI Secure eCommerce and ACI Omni-Commerce. The solution is also differentiated through unrivaled global fraud intelligence, which is paired with the support of a team of expert risk analysts and guaranteed KPIs.