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The ai Corporation to Provide Fraud Solution for RBTT Bank!

14 November 2005

The ai Corporation (aiCorp), a leading provider of payment card fraud detection and prevention software, today announced that RBTT Bank in Trinidad and Tobago, a member of the RBTT Financial Group, one of the largest financial services institutions in the Caribbean region, has become the latest to sign up to RiskNet, an integrated solution to card fraud for the Latin American and the Caribbean regions.

Kumarie Bachan, Business Account Manager - Group Technology, RBTT, says, ‘At RBTT we are committed to using innovative technological solutions to protect ourselves and our customers. The ai Corporation RiskNet provides a proven and cost effective solution to the growing issue of fraud.’

The software monitors, detects and manages traditional types of card fraud such as lost or stolen cards as well as identifying increasing trends such as skimming. RiskNet comes in versions for both Acquirers and Issuers. Features include: powerful rule definitions, real-time authorisation analysis screens, capability to monitor all card types (including credit, payment and debit) within a single package, and intuitive user interfaces. RiskNet provides a full IFD support for VISA Latin America and the Caribbean. The software has already been successfully installed at RBTT Bank in Jamaica.

Mark Carter, CEO of aiCorp, said ‘We are delighted to welcome RBTT to our list of prestigious customers. We offer Banks and Payment Processors a solution designed specifically to deal with the card fraud issues faced in the Latin American and Caribbean regions.’