SIX Payment Services, a Swiss and Austrian acquirer and provider of the mPOS solution mCashier, has gone live with Inform’s enterprise risk and fraud management solution to protect its acquiring and card issuing business.
Dubbed RiskShield, the new solution replaced a number of different fraud detection systems being used by SIX Payment.
RiskShield’s unified solution includes latest payment fraud prevention and transaction monitoring techniques, case handling and fraud reporting, and other areas such as banking, acquiring and card issuing.
Besides enabling SIX to monitor their payment operations from a holistic view, the new platform offers the cross-referencing of merchant and cardholder profiles in a matter of milliseconds to detect any suspicious activity.
SIX Group director – head of relationship management payments Peter Antl said: “We’re delighted to announce that we are live with our fraud management system. The RiskShield system was up and running on our SIX infrastructure, on time and on budget, and is performing even better than expected.
“We are handling roughly 10 million card transactions per day in real-time, including everything from retailers, hotels, ATMs and e-commerce merchants. RiskShield enables both our issuing and acquiring activities to now be integrated into one single solution.
“We experienced a very collaborative and flexible INFORM project approach, allowing almost no impact on the existing systems and banking operations of our customers. INFORM is a great partner!”