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Wednesday, October 22, 2008

ExpertEdge partners Actimize on anti-fraud solutions

Expertedge software, an arm of Computer Warehouse Group (CWG) has been named the Actimize’s partner in Nigeria.

This partnership, according to the Head, Marketing Communications, at the CWG, Ms Morenike Popoola, said it would enable collaboration in successfully implementing anti- fraud solutions in major banks in the country.

She said in a press statement endorsed by Jonathan Stotts of Actimize, a NICE Systems Company, which delivers proven Automated Teller Machine (ATM) and debit, fraud prevention capabilities to MasterCard, that Actimize analytics are already deployed in production and detecting card fraud in MasterCard’s core processing environment.

“Actimize, a leading provider of transactional risk management software for the financial services industry and NICE Systems announced that MasterCard is using the Actimize technology to augment its ATM and Debit fraud detection capabilities for issuers,” part of the press statement read.

Actimize recently enhanced its debit fraud solution by acquiring proven analytic models used today by MasterCard in its Fraud Monitor service, a real-time risk scoring and fraud prevention service for PIN-based transactions offered by MasterCard to its customers.

Stotts also said that the technology has proven to fight ATM and debit fraud effectively across multiple card brands and geographies and used and tested by clients such as MasterCard and other card issuers.

“The Actimize fraud detection analytics are unique in that their multi-dimensional profiles can be created and updated in real-time to detect suspicious activities at the card, device, account level and many other dimensions,” he said, stressing that MasterCard, the industry’s security innovator and a global debit card leader, values the new relationship with Actimize in delivering value-added real-time risk scoring and fraud prevention solutions to customers.


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