Wednesday, June 17, 2009
Westpac New Zealand has implemented ACI Proactive Risk Manager for Enterprise Risk solution on IBM's System z platform, announced ACI Worldwide, Inc. , a New York-based provider of electronic payments software and solutions. Westpac New Zealand chose the ACI solution to strengthen its fraud detection and prevention capabilities, to protect against the rising volume of fraudulent activities occurring worldwide.
Monday, June 15, 2009
ACI Worldwide has named a number of new executives to key positions.
Monday, June 01, 2009
How can financial institutions stay one step ahead of fraudsters? Michelle Weatherhead looks at the latest technologies and methods designed to stop fraudsters in their tracks.
Thursday, May 28, 2009
The banking sector is waking up to a new age and many banks are reaching the conclusion that the road to future success lies in going back to basics.
Thursday, April 30, 2009
ASC X9 standards body launching encryption initiative with breached payment processor Heartland Payment Systems playing a big role The same organization that led the development of security standards for payment-card magnetic stripe data and PIN-based transactions will soon begin work on a new specification for encrypting cardholder data while it is in transit between systems during the transaction process.
Wednesday, March 04, 2009
First announced toward the end of Sibos 2008 in Vienna, Swift’s partnership with the reinsurance industry marks a further extension of the co-operative’s reach beyond the banking industry.
Sunday, March 01, 2009
The pressure on credit and debit card interchange builds as more alternative payment systems are introduced and lawmakers continue to eye rate regulation.
Monday, January 05, 2009
Nine years ago, the European Union set out a plan to create an internal market for financial services by 2010. The first steps towards turning the idea into reality included removing differences in costs of Eurozone cross-border card payments, ATM withdrawals and credit transfers to ensure that bank customers see no practical difference between domestic and cross-border transactions. As such, the concept of the Single Euro Payments Area started as a framework to benefit corporates and consumers but since those early days has morphed into an interbank framework that has been moulded primarily by the banks with little guidance from the European Central Bank, the European Commission or any other regulatory body.
Tuesday, December 09, 2008
Point of detection is a way to measure fraud that, if implemented across the board, could reduce fraudulent payments and reassure corporates and consumers.
Thursday, November 13, 2008
The payment technology specialist ACI Worldwide says a transformation program initiated three years ago is paying off, as a growing number of banks are asking for help stitching together transaction systems that have long functioned independently.