The ai Corporation
For the Acquirer
The ai Corporation’s flagship fraud detection product RiskNet, offers an innovative approach to acquiring. In addition to class leading fraud detection tools, it provides extensive value added functions intended to help an acquirer conduct it's business more efficiently and therefore more profitably.
The ai Corporation understands that acquiring risk is not just about reducing loss by detecting and preventing fraudulent transactions but also: reducing losses resulting from lost compliance, card Scheme penalties for excessive fraud and chargeback rates and real losses from collusive and runaway merchants. RiskNet is the only system that addresses all of these issues in one simple and cost effective package.
RiskNet provides a powerful rule based parameter-mapping system and is able to protect payment transactions in offline, near real-time and real time mode changing the authorisation decision where necessary. RiskNet offers comprehensive transaction and authorisation history along with automatic queuing and prioritisation of alerts. It is a server based system that can be added to any processing environment and its scalable architecture makes it suitable for any size of organisation - from a new acquirer to one with tens of millions a day.
RiskNet is even fully multi-banking and therefore well suited to be deployed in an acquirer-processing environment.
Currently the largest RiskNet Acquirer system deployed processes around 3 billion transactions and authorizations each year, it supports some 50 acquirer portfolios 175 users geographically separated by thousands of miles.
RiskNet’s scalability and optimized processing system allows it to run on low cost PC hardware, even in the case of the system described above.
The ai Corporation have worked closely with fraud analysts from all over the world to ensure that RiskNet’s user interface and procedures are clear, logical and intuitive while still providing the maximum amount of useful data at the correct time in the proper manner. Presenting the data in this clear and logical way virtually eliminates the need to switch screens or systems, thus enabling a fraud analyst to quickly and efficiently make that important decision, "fraudulent or genuine?"
RiskNet’s built in flexibility enables it to keep pace with fraud trends, card scheme standards and technological developments. It also monitors all card schemes e.g. VISA, MasterCard, American Express and Diners and with all payment card types e.g. credit, debit, charge, prepaid and proprietary.
Pricing is based on a simple license and maintenance based fee system determined by the number of retail outlets and ATMs.
As with all aiCorp systems our acquirer solution is backed by excellent fraud consulting, training and 24 hour support.
By protecting millions of merchants conducting billions of transactions every year The ai Corporation and RiskNet are able to help some of the world's leading acquirers to maximise their profits and maintain their market leading positions.
To find out how RiskNet can help you fight fraud - saving you time and money please contact us.