ACI Worldwide and HyperPay partner to fight fraud in MENA
ACI Worldwide and HyperPay have joined forces to offer integrated, real-time fraud prevention solutions for e-commerce payments for merchants in the Middle East and North Africa (MENA) region, reports David Penn at Finovate (Banking Technology‘s sister company).
“While the growth opportunity is considerable, we also know that merchants need to protect their revenues and secure their transactions, as well as be responsive to the evolving threat of fraud,” says HyperPay’s CEO, Muhannad Ebwini. He adds that ACI’s Universal Payments solutions – including UP Payments Risk Management – “perfectly complement our local knowledge and experience” and that he “fully trusts ACI to deliver a sophisticated, real-time fraud detection and prevention solution that protects our customers”.
Echoing Ebwini’s sentiments, Manish Patel, ACI’s GM for the Middle East, Africa and South Asia, also underscores the importance of trust. “E-commerce in the MENA region is growing rapidly, as consumers move from cash-based transactions to using cards and other online payment methods,” Patel explains. “As this shift – with mobile acting as an additional catalyst – gathers pace, retailers need to gain the trust of consumers and protect themselves against the risk of fraud across multiple channels.”