SOURCE: Actimize


November 09, 2009 10:15 ET

NEOVIA Financial Implementing Solutions From Actimize, a NICE Systems Company, for Enhanced Card and Banking Fraud Prevention

Leading Online Payments Processor to Better Protect Consumers and Merchants With Enterprise-Wide, Real-Time Fraud Protection

NEW YORK, NY--(Marketwire - November 9, 2009) - Actimize, a NICE Systems company and the largest and broadest financial crime, compliance and risk management solutions provider to the financial services industry, today announced its Remote Banking and Card Fraud prevention solutions are being implemented by NEOVIA Financial Plc (LSE: NEO), a leading global online payments business.

NEOVIA's services are used by consumers and merchants in more than 160 countries to address the unique challenges of secure online money transfers in a cardholder-not-present environment. The company specializes in addressing and providing innovative, secure and instant payment services through its brands (NETELLER®, NETBANX®, Net+™ and 1-PAY™), where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. NEOVIA will use Actimize's automated fraud prevention infrastructure to monitor all transactions between consumers and merchants in real-time.

"As chip and PIN implementation grows in acceptance and 'card not present' transactions increase, we recognize the continuing importance of an enhanced real-time fraud monitoring and prevention solution," said Mark Healy, head of risk at NEOVIA. "Our fundamental requirements were to extend our fraud mitigation capabilities and allow for self-administration by both our risk team and our merchants. We believe Actimize has the only proven real-time fraud prevention solution within the marketplace that can cover one hundred percent of our transactions."

The Actimize Card and Remote Banking Fraud prevention solutions employ real-time, phase-based analytical models to achieve highly efficient detection rates while maintaining throughput performance. The solution uses sophisticated analytics to evaluate transactions for fraud risk, offering a major step forward from legacy solutions in real-time scoring accuracy. This approach greatly improves the customer experience by limiting the impact on legitimate cardholders while enabling NEOVIA to offer superior risk management capabilities to its clients.

"Our solutions provide multichannel fraud prevention and deliver efficient investigation of financial crime incidents for our clients," said Amir Orad, executive vice president and chief marketing officer at Actimize. "More important, our solutions enable clients like NEOVIA to have more opportunity to prevent fraudulent attacks in real time."

The Actimize Card Fraud solution monitors financial crimes end-to-end from advanced detection to investigation, response and recovery. It also leverages one of the industry's fastest growing card data consortiums, that includes billions of ATM/Debit transactions. The consortium data is one of the elements used to enhance Actimize's existing fraud detection models with unique capabilities such as identification of compromised merchants, terminals and cards as well as early worldwide ATM fraud trends. The Actimize Remote Banking solution monitors online banking, call center, IVR and mobile banking channels to detect fraud perpetrated against monetary and non-monetary activities in real time.

About NEOVIA Financial Plc

Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) operates the world's leading independent online payments business. Through the NEOVIA Payment Suite™, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA Financial specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the company to support thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit or NEOVIA Financial visit or subscribe at

About Actimize

Actimize, a NICE Systems company is the world's largest and broadest financial crime, risk and compliance solutions provider. Actimize empowers its clients to prevent financial crime, mitigate risk, reduce operational costs, minimize losses and improve compliance. Actimize provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions; built upon the Actimize Core Platform which has been enhanced by the company's acquisitions of Syfact and Fortent (Searchspace) analytics and technology. With offices across North America, Europe, Asia and the Middle East, Actimize serves the majority of the world's largest financial institutions including all of the top ten global banks.

About NICE

NICE Systems is the leading provider of Insight from Interactions™ solutions and value-added services, powered by advanced analytics of unstructured multimedia content -- from telephony, web, radio and video communications. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in more than 150 countries, including more than 85 of the Fortune 100 companies. More information is available at

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