Managing Card Fraud in the 21st Century

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The ai Corporation

The ai Corporation was founded in the belief that every bank, payment processor and merchant should be able to choose a cost effective fraud monitoring system.

Founded in 1998, The ai Corporation is a leading provider of software solutions for the detection and prevention of card fraud for acquirers, issuers, payment processors and merchants. Developed by a team of technical and fraud experts the Company's products now protect more than sixty major financial institutions world wide, including three million retailers, many millions of cards and monitor eight billion transactions and authorisations annually covering the UK, Europe, Africa, Australasia, the Middle East, America and Asia.

The ai Corporation have earned a reputation for providing high performance, user-friendly systems and can count some of the worlds leading financial institutions and card payment processors as customers.

Our suite of innovative solutions for the management of card fraud includes three core products - RiskNet our flagship product for issuers and acquirers, RedFlag a centrally web based service and SmartAuth an online service to deal specifically with the threat of fraud over the internet and CNP (Card Not Present) transactions.

At The ai Corporation we continue to develop our software so that we not only keep up with the latest technologies but also remain one step ahead of the criminal fraudster. The Company has a permanent research and development programme to enhance its systems and regular cost free upgrades are provided to all its clients.

For the Issuer/Acquirer

RiskNet can routinely screen millions of transactions and authorisations in a very short period of time, the speed of operation being fast enough to provide even the largest institution with full real time monitoring of all authorisations, changing the host response when the transaction is suspicious or requires blocking. RiskNet can work with any payment platform and offers a comprehensive range of reports, tools and add-on modules that are designed to help banks reduce losses and increase efficiency. It is also fully compliant with VISA and Mastercard international payment card regulations. RiskNet is quick and simple to install and extremely cost effective. Many banks recovering the cost of installation in the first few months of operation.
More information on RiskNet Acquirer

For the Smaller Issuer/Acquirer

Red-Flag is specifically designed to meet the needs of the smaller organisation, it is appropriate for banks wishing to outsource their payment card fraud monitoring whilst retaining full management control. RedFlag is powered by the renowned RiskNet, it is a centrally hosted web based service eliminating the need for expensive servers and reducing IT costs. It comes as a low priced solution and operating costs are based on simple transaction fees.

For the Online Acquirer and Merchant

SmartAuth is a powerful, real-time fraud monitoring service. Specifically designed to combat Internet and other Card-Not-Present (CNP) fraud for the protection of banks, payment processors and merchants. A major advantage of SmartAuth is that it can be as easy or as complex to use as you need it to be - fully automated, completely manual or a complimentary blend of the two.

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