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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

ACI Worldwide and BioCatch Protect Consumers from Online and Mobile Banking Fraud with Behavioral Biometrics

December 10, 2018 GMT

NAPLES, Fla.--(BUSINESS WIRE)--Dec 10, 2018--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time  electronic payment and banking solutions, today announced a collaboration with BioCatch, the global leader in behavioral biometrics, to protect customers from online and mobile banking fraud such as account takeover. In addition to machine learning and advanced analytics capabilities from ACI’s UP Payments Risk Management solution, banks around the world will now benefit from BioCatch’s real-time behavioral assessments to identify a wide range of cyberthreats without disrupting the user experience.

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Founded in 2011 by experts in neural science research, machine learning and cybersecurity, BioCatch’s patented approach analyzes the way users interact with online applications and devices and introduces subtle tests known as “invisible challenges” into their online banking sessions. Users subconsciously respond to these challenges, without sensing any change in their experience. The response provides additional behavioral data that can be used to distinguish a real user from an imposter, whether human or robotic. Together with ACI’s UP Payments Risk Management solution and its capability to coordinate data sources and integrate risk services, organizations will be able to better combat new and emerging online threats that compromise business integrity, while maintaining a desirable online user journey.

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“As online and mobile banking proliferates, fraudsters are consistently finding new ways to infiltrate banks’ systems, creating havoc for consumers and businesses alike,” said Avi Turgeman, CTO and founder, BioCatch. “By using behavioral data to distinguish between a genuine customer and a fraudster – whether human or non-human – we are able to detect fraudulent activity in real-time and protect consumers. Our high-profile customer base attests to the significant and measurable ROI that the technology provides coming from reduced fraud losses, lower operational costs, improved customer service and prevention of false declines. These capabilities are complementary to ACI’s market-leading fraud management solution.”

“New and emerging online threats such as account takeover, social engineering and robotic activity are difficult to keep up with while pursuing an enriched customer experience,” said Cleber Martins, global director, Payments Intelligence & Risk Solutions, ACI Worldwide. “By providing banks with cost-efficient access to behavioral biometrics technology from BioCatch, and expanding the powerful enterprise risk management eco-system from ACI, banks can further promote safety and loyalty through the online relationship with their clients, and rest assured that their important assets are being protected on every channel.”

ACI’s UP Payments Risk Management uses a combination of machine learning, stronger controls and risk orchestration through a flexible, transparent and sophisticated architecture, empowering businesses to independently succeed. As part of ACI’s UP Payments Risk Management solution, ACI Proactive Risk Manager delivers peace of mind in the face of continuously evolving fraud threats.

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.

About BioCatch
BioCatch is a digital identity company that delivers behavioral biometrics analyzing human-device interactions to protect users and data. Banks and other enterprises use BioCatch to significantly reduce online fraud and protect against a variety of cyber threats, without compromising the user experience. With an unparalleled patent portfolio and deployments at major financial institutions and global enterprises around the world that cover 90 million users to date, BioCatch has established itself as the industry leader. For more information, please visit www.biocatch.com.

© Copyright ACI Worldwide, Inc. 2018.
ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo, ReD, PAY.ON and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.

Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI’s sole discretion. ACI is providing the following information in accordance with ACI’s standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181210005193/en/

CONTACT: Dan Ring

E-mail:dan.ring@aciworldwide.com

Phone: 781-370-3600

Nidhi Alberti

Email:nidhi.alberti@aciworldwide.com

Phone: 781-370-3600

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA FLORIDA IRELAND

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE SECURITY MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: ACI Worldwide, Inc.

Copyright Business Wire 2018.

PUB: 12/10/2018 03:30 AM/DISC: 12/10/2018 03:30 AM

http://www.businesswire.com/news/home/20181210005193/en