ACI Worldwide, an international provider of payment systems, announced this week the release of the newest version of ACI Proactive Risk Manager, a payment fraud detection and mitigation solution for financial institutions, processors, and merchant retailers.

With the explosive growth of transnational, organized fraud and identity theft, Proactive Risk Manager 8.1 empowers financial institutions to stay one step ahead of financial criminals. An enhanced profiling feature enables custom behavioral profiling for customers, accounts, cards, terminals, merchants, employees and their peer groups using any data element brought into the system from varying timelines. Such advanced behavioral profiling helps better target fraud detection scenarios and lowers false positive ratios.

A new rule and analytics tester allows optional fraud scenario testing prior to deployment. This gives fraud managers greater flexibility in managing rules and analytics and provides a more predictable outcome for new detection approaches, as well as insight into potential customer impact.

In addition, Proactive Risk Manager puts more control in the hands of the fraud manager through flexible configuration tools and a new user interface designed to reduce the learning curve for new users, while making the experience more intuitive for frequent users. Ultimately, the solution delivers optimal customer service by reducing false positives and helping to proactively stop fraudulent transactions.