eCommerce fraud prevention solution central to company's omni-channel
retailer payments offering
NAPLES, Fla.--(BUSINESS WIRE)--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of electronic
payment and banking solutions, has confirmed its
commitment to the continuing development of ReD Shield®, its flagship eCommerce
fraud prevention solution. The solution is central to ACI's
Universal Payments (UP) omni-payments offering for leading retailers
that the company supports around the globe.
Following ACI's acquisition of ReD (Retail
Decisions) in August 2014, the company carried out a comprehensive
review of ReD's merchant retail fraud solutions, developing a strategy
to ensure that ReD Shield and its associated products and services—the
ReDi business intelligence portal and the RFX Club intelligence
sharing service—will continue to meet the needs of leading eCommerce
merchants. eCommerce and mCommerce markets are seeing rapid growth
around the world and are forecast to exceed $2 trillion by 2016. ACI is
committed to a program of investment and development that will ensure
ReD Shield remains robust, flexible and scalable, to address this market
growth.
Investment will be centered in four key areas— accelerating the ACI ReD
Shield, ACI ReDi and ACI RFX Club product roadmaps; enhancing
fraud and risk modeling capacity and capabilities with the latest in big
data and state-of-the-art analytics tools; increasing the scalability
and performance of ACI's hosting infrastructure to stay ahead of
anticipated eCommerce transaction growth; and increasing both the size
and productivity of ACI's global team of expert risk analysts with
additional headcount, automation and tools. The Risk Analyst team is a
core aspect of the ReD Shield service, working closely with merchant
retailer customers and Payment Service Providers to define and optimize
fraud strategies, test and introduce new fraud rules, and detect and
track new and emerging patterns of payment fraud.
"ReD Shield is the premier fraud prevention solution for eCommerce
merchants, and we are committed to ensuring it maintains its
market-leading reputation by meeting and exceeding customer expectations
well into the future," said Mike Braatz, senior vice president, Payments
Risk Management Solutions, ACI Worldwide. "Supported by a team of expert
analysts, ReD Shield offers industrial strength online fraud prevention,
unrivalled global fraud intelligence and a very high degree of
flexibility to meet the needs of merchants in a wide variety of vertical
markets around the globe."
ACI ReD Shield, ACI ReDi and ACI RFX Club are critical components
of ACI's UP Retailer Payments and UP Payments Risk Management solutions.
The services enhance ACI's existing retailer security capabilities by
extending fraud prevention to the eCommerce and mCommerce payment
channels. Combining online fraud prevention with point to point
encryption (P2PE), tokenization and network segmentation payment
processing services, the UP Retailer
Payments solutions further solidify ACI as a leader in secure,
omni-payment capabilities, defending brand integrity and customer
loyalty through a comprehensive set of security technologies that
protect sensitive payment data against, risk, fraud and loss.
About ACI Worldwide
ACI Worldwide, the Universal
Payments company, powers electronic payments and banking for more
than 5,000 financial institutions, retailers, billers and processors
around the world. ACI software processes $13 trillion each day in
payments and securities transactions for more than 250 of the leading global
retailers, and 21 of the world's 25 largest banks. Through our
comprehensive suite of software products and hosted services, we deliver
a broad range of solutions for payment processing; card and merchant
management; online
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2015.
ACI, ACI Payment Systems, the ACI logo 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.
Media Contact:
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide
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