Bank of South Pacific gets fraud-vigilant

NAPLES, USA: Bank of South Pacific Limited (BSP), a bank in Papua New Guinea and the South Pacific, has selected ACI Worldwide to power its fraud protection.

BSP is using ACI Proactive Risk Manager for the monitoring of its debit cards and merchants and as per an announcement, Proactive Risk Manager provides an added level of protection to BSP’s debit cardholders and merchant customers, alerting the bank’s fraud analysts to any potentially fraudulent transactions and allowing them to more efficiently manage those alerts and, if necessary, block a card or merchant from processing further transactions.

“We are pleased to have implemented Proactive Risk Manager, working seamlessly with the Postilion product, to offer our clients peace of mind when using their BSP cards anytime, anywhere,” said Robert Loggia, Group Chief Operating Officer, BSP.

“Leading financial institutions in the Pacific region have greatly benefitted from ACI’s fraud management capabilities for close to fifteen years, and we’re pleased that BSP, which has long powered its retail payments with ACI’s Postilion technology, has expanded its relationship by deploying Proactive Risk Manager,” said Paul Henaghan, Managing Director, Asia Pacific & Japan, ACI Worldwide.

It adds that Postilion users can leverage the fraud prevention and detection capabilities of Proactive Risk Manager with a hassle-free interoperability, and stresses that Proactive Risk Manager is compatible for use with Postilion across its multiple applications: as an issuer’s authorization system, stand-in authorization, merchant acquiring, and transaction routing or terminal driver.