An all-in-one solution For Merchants, Issuers and Acquirers

aiRiskNet® delivers an advanced and adaptable Card Issuer and Merchant Acquiring  fraud detection system, covering all card products

A modular solution designed to protect the entire payment chain

aiRiskNet® Pre-auth

A high-performance front-end transaction validation as part of the authorisation process, enabling transactions to be declined in real-time

aiRiskNet® Acquirer

Designed for merchant risk management and fraud detection for POS, ATM and payment type or channel

aiRiskNet® Issuer

Fraud detection for card issuers and financial institutions, covering all card payment types

Key Features

  • Self-service and easy to use
  • Supports multiple neural models –Pre and Post authorisation modules
  • Rules wizard with extensive statistical rules capability
  • Supports all card scheme recommended rule sets for issuers and acquirers
  • Supports single and multiple bank member deployment
  • Protects all payment channels and payment types including i-banking and m-banking
  • Auto and interactive cardholder alerting by SMS, email, or voice with aiSmartAlerts™
  • Supports small and large merchant portfolios – 10,000 to 10,000,000 +

One Solution To Meet All Your Needs

Immediate block of country, BIN range or individual cards in adverse situations

Block suspicious or unusual transactions

Alerts can be used to generate SMS or email messages to “stop shipping” or “ask merchant to call

Automated fraud strategy management utilising advanced machine learning

Monitor cross border and multi-currency

Continually monitor merchant portfolio for fraud including collusion, bust out and ghost terminals

Statistical analysis at merchant enabling thorough on-going risk monitoring and analysis

Continual monitoring that reduces chargebacks

Comprehensive monitoring to enable business expansion in to new territories and take on new, higher risk, business lines

Our Fraud Articles

How Buy Now, Pay Later is being targeted by fraudsters

Consumers are increasingly utilising Buy Now Pay Later (BNPL) payment options to make online purchases. Indeed, several e-commerce companies reported huge uptakes in sales, via BNPL, over the festive period, most notably around 2021’s Black Friday and Cyber Monday retail peaks.

Four types of fraud to be aware of in 2022

The effects of COVID-19 on the world of business are still being felt across many companies. The change to work from home has been a difficult and contentious decision for many CEOs across the world, couple with the “great resignation” where workers are moving to either seek more freedoms or change their job type post-pandemic. 

Impact of COVID-19 on “Friendly Fraud”

Working from home has become “the norm” for many of us, as COVID-19 forced the closures of traditional offices, people across the world moved into hastily converted kitchens, sheds, dining rooms and spare bedrooms to create homeworking spaces. In the UK alone nearly 70% of us are still working from home in some capacity, whether it’s on a full-time basis or during a split week.

What Is the Dark Web? And why should we care?

The Dark Web is often spoken about as some kind of mystical hacker’s paradise, only accessible to those ‘in the know’, or by individuals who understand complex coding. The Hollywood caricature represented by a character who is sat in a dark room, often wearing gloves, a hoodie and lines of brightly coloured code reflecting off their darkened sunglasses. Put simply, that is a myth.

What makes a Fleet Card Fraudster tick?

Our research has shown that fleet card fraud has continued to rise due to the COVID-19 pandemic. With the most common type of fleet card fraud being counterfeit card fraud, such as copied/skimmed cards. Most cases of fleet card fraud are carried out for financial gain, but there are several reasons why criminals target fleet cards.

Have Questions? Reach Out To Us

E-Mail

sales@aicorporation.com

Phone

+44(0) 800 086 9052

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ai’s unique solutions, including new ‘state of the art’ machine learning technology, protect and enrich payments experiences for more than 100 banks, over 3 million multi-channel merchants and over 300 million consumer cardholders