Bambora boosts fraud prevention in Australia and New Zealand

Nordic payment service provider (PSP) Bambora will support merchants in Australia and New Zealand with fraud management capabilities via ACI ReD Shield, part of the ACI UP eCommerce Payments solution.

Bambora, headquartered in Sweden, has a strong and growing local presence in Australia and New Zealand and supports merchants with customer-centric solutions that reduce complexity in online, mobile, and point-of-sale payments.

By integrating ReD Shield, Bambora’s merchants can protect commerce payments with real-time fraud prevention, and gain on-going visibility into rich payment transaction data for effective fraud detection. In addition, expert risk analysts support merchants by working closely with them to finetune their fraud strategy and improve acceptance rates while limiting fraud losses.

"Fraud management is a key issue for merchants in Australia and New Zealand,” said Phillip Finnegan, general manager, Australia and New Zealand, ACI Worldwide. “Bambora possesses a great understanding of the merchant sector, and is addressing this issue head-on, which is why they are utilising ACI ReD Shield."

He added Bambora’s merchants will benefit from the platform’s actionable data and metrics, as well as the expert backing of the local risk analysts who understand fraud trends in these markets.

Dominic White, managing director, Asia-Pacific, Bambora added: “While we all strive for payments simplicity, merchants also need to be backed by fraud management solutions that are reliable and responsive to evolving fraud patterns. ReD Shield delivers exactly this, and puts us in a strong position to grow our footprint across Australia and New Zealand, helping more merchants reach their full potential.”