Metavante Partners with Actimize for Fraud Monitoring Services

Metavante, a provider of banking and payments technology, announced that its enterprise-wide fraud monitoring and reporting efforts will be supported by solutions from Actimize, a Nice Company.

Metavante said it plans to introduce Actimize's real-time, fraud prevention analytics solutions as one component in a fraud prevention framework. The technology will first be available for its online bill pay solution with deployment to follow across other Metavante banking and payment solutions, the company said.

"Actimize's analytics technology and fraud prevention solutions are just one component of Metavante's vision for better fraud prevention achieved through a 360-degree fraud monitoring view of consumer financial services," said Frank D'Angelo, group president, Metavante Payment Solutions. "Metavante's enterprise-wide fraud monitoring vision allows us to better prevent fraudulent transactions, but equally as important, to recognize a pattern of fraud in bill pay, for example, and use the learning nature of our solution to assist in identifying fraud in other areas such as online banking and other payment channels."

Metavante noted in a release that its first deployment of the Actimize real-time analytics technology will be its online bill payment services.

"Fraud prevention and deterrence is a critical priority for our clients. They seek solutions that move beyond the reactive fraud response and link to Metavante's enterprise risk management, regulatory compliance, and anti-money laundering solutions," said Gary Bakker, division president, Metavante Risk and Compliance Solutions. "Monitoring for fraud with a single, inter-connected view moves us toward providing fraud reporting to our clients in a single, enterprise-wide report covering all product lines."

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