NAPLES, FLA / LONDON—May 21, 2018—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, has been named ‘Security Innovation of the Year’ at the National Technology Awards. The award was presented to ACI for the real-time fraud management and adaptive machine learning capabilities of its UP Payments Risk Management solution.
ACI’s multi-tiered UP Payments Risk Management solution – including ACI ReD Shield for merchant fraud management – utilizes advanced data analytics, adaptive machine learning and customer profiling techniques to ensure that valid transactions are processed, while potentially fraudulent ones are identified and isolated. The solution – supported by a team of expert global risk analysts – also includes a unique combination of patented predictive models, flexible rules engine, automated alerts and processes, and unrivalled global fraud intelligence.
The National Technology Awards celebrates the pioneers of new technology, focusing on innovation in areas including financial services, travel, gaming, IoT and analytics. The companies and organizations recognized have made outstanding technological contributions across a variety of sectors.
“Fraud continues to evolve at a rapid pace, so as a solution provider innovation must be an ongoing commitment – not a one-off project – as tools and risk strategies must evolve too,” said Jackie Barwell, director, product management, ACI Worldwide. “It’s an honor for our talented fraud team to receive this accolade at the National Technology Awards, and is further proof that combining extensive global fraud and transaction data with the insights of a dedicated team of fraud experts is a winning formula.”
The recognition reinforces ACI’s UP Payments Risk Management solution as a global industry leader, with the solution awarded ‘Fraud Innovation Firm of the Year – USA’ by the Finance Monthly Fintech Awards and ‘Best ID, Security and Anti-Fraud Solution’ by the Merchant Payments Ecosystem Awards earlier in 2018.
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.
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Nidhi Alberti (Americas)
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