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ACI Worldwide Boosts Integrated Fraud Management Capabilities for Bambora

Bambora’s merchant customers in Australia and New Zealand to benefit from ACI’s UP eCommerce Payments real-time fraud management capabilities

Wednesday, May 17, 2017

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Naples, FLA – May 17, 2017 - ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Bambora, a high-growth payment service provider (PSP) with an expanding global footprint, will support merchants in Australia and New Zealand with first-class fraud management capabilities via ACI ReD Shield, part of the ACI UP eCommerce Payments solution.

Bambora, headquartered in Sweden, has a strong, and growing, local presence in Australia and New Zealand – payment markets that share many similarities with the Nordic region. As consumer shopping behaviors and expectations are changing, Bambora supports merchants with customer-centric solutions that reduce complexity in online, mobile, and point-of-sale payments.

By integrating ReD Shield, Bambora’s merchants can protect Commerce payments with real-time fraud prevention, and gain ongoing visibility into rich payment transaction data for effective fraud detection. Expert risk analysts support merchants by working closely with them to fine-tune their fraud strategy, improving acceptance rates, while limiting fraud losses.

"Fraud management is a key issue for merchants in Australia and New Zealand,” said Phillip Finnegan, general manager, Australia and New Zealand, ACI Worldwide. “Bambora possesses a great understanding of the merchant sector, and is addressing this issue head-on, which is why they are utilizing ACI ReD Shield. With ReD Shield, Bambora’s merchants will benefit from the platform’s actionable data and metrics, as well as the expert backing of our local risk analysts who understand fraud trends in these markets.”

"At Bambora, we’re shaping the most customer-focused payment experience. We’re committed to enabling merchants to thrive, by providing simple and scalable payment solutions, regardless of the channel used to complete the payment,” said Dominic White, managing director, Asia Pacific, Bambora. “While we all strive for payments simplicity, merchants also need to be backed by fraud management solutions that are reliable and responsive to evolving fraud patterns. ReD Shield delivers exactly this, and puts us in a strong position to grow our footprint across Australia and New Zealand, helping more merchants reach their full potential.”

 

About Bambora Group

Bambora helps businesses grow. With a suite of simple payment products, it’s easy to keep track of daily transactions online, in-store, or in-app. Founded in 2015, Bambora is a collection of companies with decades of experience in the payments industry. Now a global presence, with over 700 employees in 64 markets, Bambora processes 47.5 billion USD per year. For more information, please visit www.bambora.com/.

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.

© Copyright ACI Worldwide, Inc. 2017. 
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