ACI Fraud Management receives full patent approval.
- ByManjeet Singh | September 24, 2021
ACI Worldwide, a global leader in providing real-time payments and digital payment solutions, recently announced that its incremental learning technology, an industry-first approach to machine learning, has been approved for a patent.
Its Fraud Management incorporates incremental learning technology and enhances fraud protection for merchants and financial institutions. Unlike traditional machine learning models that need to be re-trained as fraud patterns change, incremental learning models make incremental adjustments continuously, allowing the models to adapt themselves in production when new behaviors are observed.
As a global software company, ACI Worldwide provides businesses with real-time payment solutions. They use their scalable and secure solutions to process and manage digital payments, enable Omni-commerce payments, present, and process bill payments, and manage fraud and risk. The company combines global reach with a local presence to drive the real-time digital transformation of payments and commerce.
Machine learning has long been a fundamental element of ACI Fraud Management and has been designed and implemented by ACI Worldwide for more than 20 years. By using machine learning models in conjunction with incremental learning technology, merchants and financial institutions can identify fraudulent behavior and alert future suspicious transactions, reducing fraud losses while maximizing revenue.
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