Brighterion, a leading artificial intelligence and machine learning platform that provides real-time mission critical intelligence, is proud to announce it has won a Highly Commended award in the “Best Real-Time Payments Solution” category at the 2022 Paytech Awards. This awards program recognizes excellence and innovation in the use of IT for the finance and payment industries worldwide.
“Today’s recognition validates the incredible capabilities of Brighterion’s real-time technology,” said Sudhir Jha, Senior Vice President and head of Brighterion, a Mastercard company. “By building and deploying solutions that proactively prevent and detect fraud before it happens, we are reducing false positives, minimizing chargebacks, and saving our partners and their customers millions of dollars every year.”
Brighterion’s AI solution is adaptive, agile, and outpaces legacy, rules-based systems. While rules-based systems react to fraud, Brighterion learns the warning signs of fraud and can alert acquirers and merchants in real-time to prevent the completion of fraudulent transactions, preventing the costly chargeback process.
Today’s recognition follows Brighterion’s 2021 win at last year’s inaugural event. The company won the “Best Use of Security/Anti-Fraud Solution in Payments” category, where it highlighted its work with WorldPay to increase its fraud detection and prevention by 3.2 times.
For more information about Brighterion’s proprietary AI technology, please visit its website.
About Brighterion, Inc.
Brighterion, a Mastercard company, was founded in 2000 and acquired by Mastercard in 2017. We deliver a leading artificial intelligence and machine learning platform that provides real-time mission critical intelligence from any data source, regardless of type, complexity or volume. Our AI solution secures billions of transactions monthly and is used and trusted by many of the world’s leading organizations and governments in payments, compliance, financial markets, security and defense, healthcare, Internet of Things, marketing and more. Currently we serve 74 out of 100 of the largest U.S. banks and more than 2,000 customers worldwide, analyzing nearly 100 billion transactions annually. For more information, please visit Brighterion’s website, blog, Twitter, Facebook, or LinkedIn.
About Fintech Futures
An established industry leader since 1983, FinTech Futures is a premier digital publishing platform and the definitive source of news and analysis for the worldwide fintech community. As the organizer of the Paytech Awards, they recognize excellence and innovation in the use of IT in the finance and payment industry worldwide. They are the go-to, trusted resource for industry buyers, sellers, developers, integrators, regulators and other specialists across the sector, big and small. Their news team provides trusted, high quality editorial and resources for forward thinking fintech professionals, along with exclusive and comprehensive news, data-driven analysis and features.
Walker Sands for Brighterion