The ai Corporation (ai), an FCA approved expert in payments, fraud and risk management, and MYOB, Australia’s leading provider of online accounting and business solutions, today announced a wide-ranging partnership, that will see MYOB roll out ai’s high availability, high performance, PCI compliant, omni channel payment gateway, with integrated fraud prevention, to all of its customers.
MYOB PayBy payment solutions and services, which will be protected by ai, will help Australian and New Zealand businesses and their suppliers to get paid faster and have more control of their sales process. Enabling users to customise, send and track invoices, and accept credit card payments. Providing high speed sign-up and on-boarding, ai’s solution offers users easy access to mainstream and alternative payment methods, ensuring maximum sales conversion and payment acceptance, while mitigating any risk exposure.
Dr Mark Goldspink, CEO of ai, says: “We are delighted to be partnering with Australia’s leading accounting software provider. Our new payment gateway and fraud prevention system is suitable for companies of all sizes, from SMEs to multi-national corporations. aiGateway™ is fully compliant with Australia and New Zealand’s national regulations, while maintaining international acquirer access. The platform uses state-of-the-art technology, which delivers a user experience that is reliable, easy to use, and complementary to day-to-day transactional needs.”
ai’s partnership with MYOB will enable users to adopt ai’s unique payment processing and analytics capabilities, as well as its fraud detection solutions, and risk management engine RiskNet® providing MYOB’s users with an end to end fraud and risk mitigation solution, managed by a blend of seasoned fraud analysts and best of breed artificial intelligence and machine-learning technology.
ai’s unique blend of ‘man and machine’ is set to revolutionise payments processing for MYOB, covering a range of its users’ channel transactions. MYOB will also adopt ai’s unique fraud detection capabilities to protect its own transactions and payment channels.
Andrew Birch, MYOB’s Chief Operating Officer said: “We continue to enhance our leadership across Australia and New Zealand in the payments market, offering world class payment solutions that are both simple and secure.”
“The AI platform is proven technology that will give our customers more choice and will further help MYOB to protect our customers from cyber-attacks.”
Today’s announcement also sees MYOB become ai’s channel partner for Australia and New Zealand, supporting ai’s expansion into the market and helping more businesses to take advantage of ai’s unique payments, fraud and risk management solutions.
Piers Horak, ai’s Regional Director for Middle East, Africa and Asia Pacific, said: “ai’s ‘best of breed’ solutions are designed to help our clients and partners grow profitably. As well as optimise risk management, they are flexible enough to be applied to other business processes, which require detailed consumer insight for marketing or pricing. These innovative, easy-to-use self-service, self-learning solutions have been designed to help provide our customers with greater operational controls. Offering users an end-to-end offering, which uses our “state of the art” machine learning to securely manage their omni-channel payment transactions, via a cloud-based platform.”