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

26 September 2017 SIX goes live with RiskShield, replacing several different fraud detection systems

- Zurich, Switzerland and Aachen, Germany – 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. 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!”​

said Mr. Peter Antl, Director - Head of Relationship Management Payments of SIX Group. 

 

“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. 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.”

adds Dr. Andreas Meyer, EVP of INFORM.​

 

 

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