ALTO adds ACI Worldwide Fraud Management to enhance national payment experience

By Leandra Monteiro

ACI Worldwide, a global leader in mission-critical, real-time payments software, announced ALTO, Indonesia’s leading interbank switch, has added ACI Fraud Management to its Retail Payments solution capabilities. The new deployment elevates ALTO’s interbank switch to the industry’s most advanced end-to-end enterprise payments solution.

ALTO operates one of Indonesia’s largest payment and acquiring networks and uses ACI for card-based transaction switching. It also operates ACI’s fraud prevention solution across a range of real-time and alternative payment and merchant acquiring solutions such as QR code real-time payments—a timely and prudent enhancement, given the recent introduction of BI-FAST, Indonesia’s first national real-time payment system.

Embedding ACI Fraud Management into ALTO’s full suite of ACI payment solutions enhances and provides the network giant’s customers with greater security, reassurance and resilience, and demonstrates its commitment to ensuring its real-time payments solutions are backed by a risk and fraud management infrastructure.

“Real-time payments are radically altering the way we view and respond to cybercrime and financial fraud. And the sophistication of the threat requires a modern, proactive approach,” said Leslie Choo, managing director, Asia Pacific at ACI. “Real-time threats require real-time data, analytics, security, and response—and that’s what ACI’s solutions provide to ALTO.”

“The partnership with ACI will help ALTO navigate a complex and changing payments landscape, while simultaneously addressing the growing need for resilient domestic and global interoperability,” Choo concluded.

ACI is a strategic payments technology partner to ALTO and the implementation of ACI Fraud Management expands an already long-term and trusted relationship between the two organizations.

The partnership helps ALTO address burgeoning regulatory requirements, capture growth in alternative payments and respond to future developments of the BI-FAST national payment gateway within the Indonesian market. The addition of real-time security means ALTO is also further safeguarding its operations and customers’ data.

“Staying real and relevant is our primary concern, given the complexity and speed of change in payments,” said Patricco Baron, Chief of Product and Innovation Officer, (CPIO), ALTO. “Cybersecurity remains an ongoing investment and evolution for us as we look to futureproof our business with the latest and best-in-class solutions to keep us and our customers protected. Together with ACI, we aim to ensure our customers remain in the safest of hands.”