ACI and Eunexus Deliver Real Time Online Banking Fraud Prevention
(Watford, UK – 16 April 2008) – ACI Worldwide (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced a strategic partnership with Eunexus, an internet banking fraud and security solutions company. The partnership will offer financial institutions in the UK and Europe a more sophisticated fraud prevention strategy by integrating Eunexus’ IP profiling intelligence with ACI’s real-time transaction monitoring solution, ACI Proactive Risk Manager™. This combination offers a proven solution that enables financial institutions to reduce transaction fraud losses over the internet banking channel.
Eunexus’ IP profiling technology is an intelligence feed that reports suspicious and known fraudulent IP addresses. It differs from other IP software in the market by focusing specifically on internet banking intelligence for fraud detection. Proactive Risk Manager analyses the IP data in real time to alert the bank or even halt specific transactions if they are being initiated from suspect IP addresses. Beyond the obvious reduction in fraud losses enabled by combined IP intelligence and real-time transaction monitoring, fraudsters will be deterred by the stronger integrated security systems. The solution will also enhance banks’ ability to fight Faster Payments fraud initiated via internet banking.
Dylan Foo, head of business solutions at Eunexus, said, “The global online banking industry is seeking fraud solutions that are flexible enough to change in response to threats as they happen, and this is precisely what our strategic partnership delivers. Because Proactive Risk Manager can monitor multiple banking channels under a single enterprise-wide system, the partnership with ACI moves Eunexus’ IP intelligence beyond internet banking and combines it with cross-channel customer information.”
Michelle Weatherhead, head of risk solutions at ACI Worldwide EMEA, said, “Increasingly, banks are realising that fraud is not a competitive issue and, as such, the partnership aims to facilitate the sharing of IP data across participating financial institutions. Together ACI and Eunexus are giving banks the opportunity to identify and share suspicious IP addresses that can then be blocked by all financial institutions. The partnership tackles the two most important internet banking fraud strategy considerations for banks – the need to react quickly to fraudulent attempts while collaborating with other financial institutions to defeat organised crime.”
The joint solution is available to UK customers immediately and will be rolled out to additional European countries later this year.
About Eunexus
Eunexus is a specialist provider of internet fraud and security solutions and services. Internet fraud detection products from Eunexus provide intelligence to enhance existing internet fraud and security detection systems. The Internet Security & Fraud Services division provides tailored consulting, assistance and strategy to organisations facing Internet based threats and risks.
Eunexus is a client focused company that creates long term partnerships with clients. We take a personal and fresh approach to deliver services, solutions, advice and intelligence that meet specific goals and strategies.
About ACI Worldwide, Inc.
ACI Worldwide solutions are at work processing electronic payments, managing risk, automating back office systems and providing application infrastructure services. ACI is a leading international provider of solutions for banking, retail and cross-industry systems. ACI serves more than 800 customers in 86 countries including many of the world's largest financial institutions, retailers and payment processors. Visit ACI Worldwide at www.aciworldwide.com.
Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding ACI Worldwide Incorporated, its subsidiaries or third parties’ expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially.
For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K filed on January 30, 2008, the Company’s Form 10-Q filed on February 19, 2008, both as amended by the Form 10-K/A and Form 10-Q/A, respectively, filed on March 4, 2008.
