ACI Worldwide and BigDataCorp partner to provide Brazilian eCommerce increased fraud detection accuracy
By Pavithra R
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced partnering with BigDataCorp, a leading Latin American data specialist, to provide eCommerce merchants operating in Brazil with a CPF (Cadastro de Pessoas Físicas or Natural Persons Register) identity verification service, adding an extra layer of validation for genuine customers.
The service enables Brazilian merchants to ensure only legitimate orders are approved. The CPF number, assigned to individuals by the Brazilian revenue agency, is a taxpayer registry identification number, that merchants can use to validate a purchase by checking if a customer is in good standing. With the ACI Secure eCommerce and BigDataCorp solutions, merchants can send and cross-reference specific CPF data for validation, which allows them to safely transact with Brazilian customers and detect any fraudulent activity. The BigDataCorp solution works with ACI Secure eCommerce seamlessly to increase fraud detection accuracy without the need for any technical integration.
“Fraud is prevalent in Brazil and chargebacks are commonplace. In addition, poor transactional data quality and availability can make fraud detection a challenge. The CPF card is essential to enabling a successful checkout experience. The addition of the CPF card validation in an order provides merchants with a higher level of confidence around the authenticity of a purchase and helps them contain costs by reducing fraud and chargebacks. Our partnership with ACI is important for merchants looking to expand their business in Brazil,” said Thoran Rodrigues, CEO, BigDataCorp.
The partnership between the companies enables required data submission to the third party on behalf of merchants. This improves fraud detection accuracy and delivers enhanced control of the fraud and customer management processes. Additionally, merchants can increase operational efficiencies by reducing manual review volumes, which not only helps in cost savings but also market growth.
“While Brazil has seen a significant boost in eCommerce over the last year, fraud has also run rampant. With mobile commerce expected to reach $20 billion by 2023, merchants and their customers need extra protection. By partnering with BigDataCorp, we are enabling our customers and prospects to safely do business in a key emerging market, with an increasingly mobile-first population,” said Debbie Guerra, executive vice president, ACI Worldwide.
Established in 1975, ACI Worldwide powers electronic payments for more than 6,000 organizations around the world. Through its comprehensive suite of software solutions delivered on customers’ premises, through the public cloud or through ACI’s private cloud, the company provide real-time payment capabilities and enable omnichannel payments experience.
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