Federal Bank of India combats card and merchant fraud with ACI Worldwide’s solution
By Edil Corneille
Naples-based ACI Worldwide announced today that India’s Federal Bank is leveraging the UP Payments Risk Management solution to identify fraudulent card activity, mitigate losses and enhance customer relationships. ACI Worldwide is a global provider of real-time electronic payment and banking solutions. The solution enables the bank to enhance fraud detection capabilities with insights into real-time status of card transactions based on pre-defined parameters. This empowers Federal Bank to provide better customer experience and security.
Federal Bank is a private sector commercial banks and has over 2,800 touchpoints (over 1,200 branches and over 1,600 ATMs) spread across India. It serves a customer base of more than 10 million. ACI customised its fraud and risk management solution for the bank at the action levels of cards and merchants. To address the evolving threat of fraud and offer additional security for digital transactions, Federal Bank sought to deploy a solution with real-time monitoring for deterring, detecting and blocking fraud.
“Our objective was to equip Federal Bank with real-time reactivity and adaptation to emerging fraud trends, enabling faster decision-making,” said Kaushik Roy, vice president and country leader – South Asia, ACI Worldwide. “We’re delighted to partner with the bank in its ongoing digital transformation journey, delivering a solution that incorporates fraud and payments data through proprietary as well as third-party modelling.”
According to RBI data, from October to December 2019, debit card fraud alone reached 11,058 cases involving around INR 0.95 billion or USD $12.4 million. Federal Bank required a counter-fraud solution for both its cardholders and merchants, with mission-critical features that are easy to deploy, responsive and reduce the financial impacts of fraud.
“Digital technologies are transforming the way people access banking services and at Federal Bank, our aim is to provide a frictionless experience at every touchpoint. While security challenges for banks are changing fundamentally, we want to make sure that we are always ahead of fraudsters,” said Shalini Warrier, executive director, Federal Bank. “Given ACI’s expertise and proven ability to scale, we approached them to discuss our fraud and risk management requirements. Since the solution enables us to protect our customers against several types of fraud, not only does this significantly improve their satisfaction and mitigate risk, but it also helps us stay ahead of the digital curve.”
After deploying UP Payments Risk Management for real-time monitoring of card transactions, the bank saw a considerable drop in fraudulent transactions, including vishing fraud. In addition to alerting customers of risks, the solution also includes automated alerts that have helped the bank recognise and decline potential fraudulent transactions on more than 2,700 cards over a recent six-month period.
IBSi FinTech Journal

- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
February 05, 2025
Tap, pay, spend: How digital payments are surging in Southeast Asia & India
Read MoreRelated Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More