Tuesday, 7 October 2008

Press Release: Actimize Unveils ATM and Debit Fraud Analytics Technology and Now Owns Consortium Data with Billions of Transactions

Thousands of Financial Institutions Contribute to Consortium to Increase Effectiveness of Actimize’s Fraud Fighting Models

Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems (NASDAQ:NICE) company, today announced that it has enhanced its debit fraud solution by acquiring proven ATM and debit card fraud detection models and analytics technology developed by industry analytics experts over the past four years and used and tested by a number of issuers and processors worldwide. The analytics technology is proven to fight ATM and debit fraud effectively across multiple card brands and geographies. An independent issuer evaluation showed that these models detected 40% more fraud transactions when compared to one leading legacy card fraud solution.

For further information, please contact actimizepr@mccint.com
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