Key Facts and Figures

The ai Corporation

The ai Corporation provides fraud monitoring and risk management services to over 100 financial institutions located in Europe, Africa, Asia and America.

RiskNet Acquirer and SmartAuth collectively monitor in excess of 12 billion transactions and authorisations annually from over 2 million merchants.

RiskNet Issuer is monitoring in excess of 3 billion transactions and authorisations annually from over 100 million credit and debit cards.

Card Fraud

Individual fraudsters, fraud rings and even corrupt employees are using increasingly sophisticated methods to obtain cardholder information so that they can engage in illegal activities such as payment card fraud and identity theft.

Globally, card fraud continues to rise but the true size of the fraud problem is masked by continual shifting of liabilities, a lack of accurate reporting by many banks and steps taken by retailers and payment processors to avoid the chargeback process.

Despite numerous counter measures being adopted by the card schemes, card issuers and acquirers to prevent payment card fraud, fraudsters continue to find points of weakness in payment systems and worldwide losses continues to grow at an unprecedented rate.

With The ai Corporation on your side, you can rest assured that your defenses will remain best-in-class and updated at all times.