Actimize, a NICE Systems company and the largest and broadest financial crime, compliance and risk management solutions provider to the financial services industry, today announced its Remote Banking and Card Fraud prevention solutions are being implemented by NEOVIA Financial Plc (LSE: NEO), a leading global online payments business.
NEOVIA’s services are used by consumers and merchants in more than 160 countries to address the unique challenges of secure online money transfers in a cardholder-not-present environment. The company specialises in addressing and providing innovative, secure and instant payment services through its brands (NETELLER®, NETBANX®, Net+™ and 1-PAY™), where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. NEOVIA will use Actimize’s automated fraud prevention infrastructure to monitor all transactions between consumers and merchants in real-time.
“As chip and PIN implementation grows in acceptance and ‘card not present’ transactions increase, we recognise the continuing importance of an enhanced real-time fraud monitoring and prevention solution,” said Mark Healy, head of risk at NEOVIA. “Our fundamental requirements were to extend our fraud mitigation capabilities and allow for self-administration by both our risk team and our merchants. We believe Actimize has the only proven real-time fraud prevention solution within the marketplace that can cover one hundred percent of our transactions.”