Payments and Fraud: The Paradox Twins

Digital commerce through web and mobile is where merchants predominantly experience shopper growth today.  This has become a hugely important domain for their focus.  It offers a means for international growth, new market penetration and a way to engage with shopper-hungry Millennials in their culture.  Merchants frequently adopt a Digital-First, eCommerce-First or Mobile-First strategy to ensure full corporate buy-in to this strategy.

Open Payments Systems for Merchants: Don't Close Down Your Options

Remember “Open Systems”?

It was a big industry nom du jour in the 80s and 90s.  Every IT system had to be open and therefore flexible and future-proof.  Nobody can argue with the logic behind this; making systems easy to integrate with other systems, ensuring vendors could cooperate with one another; creating agility to improve time to market and drive down costs.

Issuing and Acquiring in a Real-Time and Open Payments Ecosystem – The Global Picture

Dr Leo Lipis and Craig Ramsey, Head of Real-Time Payments for ACI Worldwide, continue their discussion on real-time payments, stemming from the findings of the new white paper, Get More from Real-Time. See part one.

Building Trust in Open Banking with Behavioral Biometrics and Machine Learning

Strategies for fraud prevention in payments are having to evolve quickly, as new technologies emerge and digitalization of the banking ecosystem continues at pace. I spoke with Giselle Lindley, Principal Financial Crime Consultant at ACI Worldwide and Tim Dalgleish, Head of Threat Analytics, Asia Pacific at BioCatch to understand how financial institutions can use payments intelligence to build trust in this challenging environment.

Why It’s Time for Women to Rise UP

As a senior software engineer at ACI Worldwide, Rawan Shawar helps to guide her team’s priorities and enhance processes at both the team and organizational level. Recently, Rawan was selected by the organizers of Money20/20 Asia to be part the Rise Up Class of 2019.

Paying Tuition – How Can Universities Make It Painless?

Six in ten families feel anxious about bills, five in ten paid a tuition bill late in the past year, and university student financial services leaders have fewer staff and smaller budgets to help families with their bills.

Get More From Real-Time Payments – Where and How Banks are Growing Revenues

In the wake of the release of the new white paper, Get More from Real-Time Payments, we talk to its author – Dr. Leo Lipis – and ACI’s own Head of Real-Time Payments, Craig Ramsey.

Can Digital Payments Be Kind?

There is no doubt that the era of less (or minimal) cash is truly upon us. According to the Access to Cash Review, cash could fall to just 10 percent of all payments in the UK within the next 15 years.

Other countries, such as Sweden, have already seen significant changes – cashless payments have grown so quickly that only 10 percent of the 20 SEB banks in Stockholm now hold cash. Beyond Europe, China is leading the way with USD$12.8 trillion in mobile payment transactions in 2018.

Survey Shows Millennials Aren’t as ‘Digitally Savvy’ When it Comes to Tax Refunds

It was not so long ago that checks, stamps and envelopes occupied more than the junk drawer in most American households. But as electronic payments and text messaging grew, asking, “Do you have a stamp?” was more likely to be met with a confused look than an actual stamp.

And yet, a recent online survey by YouGov and ACI indicates that there’s still a place for checks when it comes to paying taxes or – at least for Millennials – receiving refunds.

Knowing New Customers – And How Shared Data Helps in Fighting Fraud

As the eCommerce industry continues its rapid growth, the lines between physical and digital shopping are becoming increasingly blurred. These changes are creating a number of challenges for merchants, not least around customer visibility and fraud prevention.