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SIX Payment Services goes live with RiskShield, replacing several different fraud detection systems

ZURICH, Switzerland and AACHEN, Germany, Sept. 26, 2017 (GLOBE NEWSWIRE) -- INFORM GmbH, a global company in advanced optimization software systems and a leader in providing intelligent, customer-centric fraud prevention and AML compliance solutions, is pleased to announce that SIX Payment Services successfully went live with RiskShield to protect their acquiring and card issuing business.

RiskShield delivers a single solution with a complete range of fraud management services. This includes latest payment fraud prevention and transaction monitoring techniques, case handling and fraud reporting, and other areas, such as banking, acquiring and card issuing. The unique blend of agile technology helps SIX monitor their payment operations from a holistic view. For example, the software enables the cross-referencing of merchant and cardholder profiles in a matter of milliseconds to detect any suspicious activity.

Since May 2017, RiskShield has been running fully integrated in a completely PCI-DSS certified environment and offers SIX Payment Services a safe and reliable solution to protect their customers from fraud.

We’re delighted to announce that we are live with our fraud management system,” said Mr. Peter Antl, Director - Head of Relationship Management Payments of SIX Group. “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!”

We are pleased to deliver a solution that is already providing a measurable return on investment for our customer and replaces several existing systems delivering a more cost effective and efficient approach,” adds Dr. Andreas Meyer, EVP of INFORM. “The RiskShield All-in-One fraud management platform will provide both the security and control that a growing Pan-European payment provider like SIX Payment Services needs. We look forward to being part of their continued success.”

About SIX Payment Services
SIX Payment Services offers financial institutions and merchants secure, innovative services along the entire value chain of cashless payments. Our tailor-made solutions include settlement of domestic and international payments by credit, debit and prepaid card. One of Europe’s largest card transaction processors and market leader in Switzerland, Austria and Luxembourg, SIX Payment Services ensures that card-based payments in Switzerland and abroad are both accepted and processed.

With around 1,100 employees and 10 locations worldwide, SIX Payment Services supports clients in 33 different countries. www.six-payment-services.com

About INFORM GmbH
INFORM GmbH is a global company in advanced optimization software systems and a leader in providing intelligent, customer-centric fraud prevention and AML compliance solutions. With RiskShield we offer a multi-channel platform that detects and manages suspicious activities, minimizing losses and optimizing efficiencies using advanced analytics, machine learning and intuitive rule management controls. RiskShield provides a robust solution with proven fraud detection results that are reliable, fast and responsive. More than 1,000 companies worldwide benefit from using advanced optimization software systems by INFORM in industries such as financial services, insurance, health care, transport logistics, airport resource management and production planning. INFORM employs over 600 staff from more than 30 countries.

www.riskshield.com | video: http://bit.do/riskshield_video

Corporate contact: Stanley Harmsen van der Vliet| INFORM | s.harmsenvandervliet@inform-software.com | +49 2408 9456 5000
Media contact: Valerie Harding, Ripple Effect Communications, valerie@rippleeffectpr.com +1 617-536-8887

Source:INFORM GmbH