ACI Worldwide, Inc. (NASDAQ: ACIW), a leading international provider of software for electronic payment systems, today announced a new version of ACI Proactive Risk Manager™, the company’s comprehensive fraud monitoring and detection solution. Proactive Risk Manager Release 7.1 Version 08.2 maximises the performance of the solution on IBM’s System z hardware platform and includes expanded support for IBM’s DB2 database platform and their enterprise-wide Tivoli monitoring tool. The new version also offers enhanced security, additional PCI functionality and a new interface to send real-time account status updates.
Clients using the latest version of Proactive Risk Manager on IBM’s “blue stack” database, middleware and security platform will benefit from comprehensive fraud detection features as well as the high reliability, availability and serviceability of IBM’s z/OS operating system and the underlying performance and security of the System z hardware platform. Customers can use the solution to lower transaction costs, improve margins and enhance their competitive positioning by optimising their financial, technological and human resources.
“ACI clients have typically run their scoring engine on IBM System z while the other components of the software (rules and analysis and review) ran on other platforms,” said Ron Totaro, senior vice president at ACI. “Now clients can run their entire transaction base from multiple channels on Proactive Risk Manager and IBM System z, benefiting from the superior reliability, availability, serviceability and security of IBM’s platform. This provides users with an enhanced capability to respond to fraud in real time.”
Customers will benefit from a significant performance boost, enabling them to respond to payments fraud across their entire transaction base in real time. Fine-tuning Proactive Risk Manager to harness the unique parallel processing approach of IBM’s System z hardware has enabled faster analysis of potential fraud situations, which will enable clients to reduce payments fraud losses and realise significant efficiency and productivity gains in alert management and investigative case management.
Version 08.2 offers support for IBM’s enterprise-wide monitoring tool, the Tivoli Enterprise Console, by enabling logging of events from the analysis and review system and the file update interface. The software also supports access to administrative and user accounts and screens with Tivoli Access Manager 6.0, strengthening user identification and password encryption and simplifying the user account management process.
Totaro continued: "With Proactive Risk Manager's proven record in handling large volumes of data, the combination with IBM System z processing power takes the product to a new level. We are seeing unprecedented levels of performance in our test environment, and I am confident this combination will make a significant difference for major financial institutions who wish to fully embrace the enterprise risk concept. The ability to detect fraud across a transaction, be it financial or even non-monetary, such as a change of address in identity related crime, is now a reality with IBM's support."
Brett Small, head of consumer banking fraud at National Australia Bank, said, "As phishing has grown significantly over the years, along with clients' expectations of shorter settlement times for transactions, it has become more and more important to be able to assess transactions in real time for fraud. ACI's Proactive Risk Manager using the power of the IBM System z platform enables us to successfully handle this challenge and provides the ability to extensively carry out data mining to explore new fraud attacks. NAB is looking forward to being able to exploit new features becoming available as a result of the ACI and IBM collaboration."
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