The ai Corporation expands Australian footprint with MYOB partnership

Nick Jones from The ai Corporation
11 Dec 2018
  • The ai Corporation (ai) and MYOB Australia launch payments gateway for 1.2m business owners across Australia and New Zealand.
  • Omni channel payments protected by state of the art, self-service fraud and analytic solutions, supporting multiple risk models
  • MYOB becomes ai’s channel partner in Australia and New Zealand

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.”

About MYOB

MYOB is a leading provider of online business management solutions. MYOB makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. We also provide ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. We are committed to ongoing innovation, particularly through our Connected Practice Strategy and through the development of the MYOB Platform. For more information visit https://www.myob.com/au/ or follow @MYOB on Twitter.

About The ai Corporation Limited (ai)

ai is trusted around the world for developing innovative technology that allows our customers to take control and grow profitably. Founded in 1998, we have a long track record of providing solutions to some of the world’s largest financial/payment institutions and international merchants. Our long-standing business partnerships are based on making things simple and providing self-service tools that allow our customers to take control. Through our relentless focus on these tools, we constantly strive to help our customers create highly profitable returns.

Take Control: Simply Stop Fraud. Today, our unique self-service fraud detection solutions are considered by many industry “thought leaders” to be the best in the world. Our solutions, including our new “state of the art” machine learning/A. I, protect and enrich payments experiences for more than 100 banks, over three million multi-channel merchants and over 300 million consumer cardholders. We also monitor over 25 billion transactions and authorisations each year. These machine learning technologies are also flexible enough to be applied to other business processes that require detailed consumer insight for marketing or pricing.

Take Control: Simply Manage Omni-Channel Payments: In line with customer demand, and as the payment value chain continues to converge, ai is positioning itself to take advantage of the evolution of payments digitation, by exploiting our fraud and analytical capabilities. To support this ai’s payment gateway, issuing platform and European Money Licence, mean we can act as a payment facilitator for our business partners, allowing them the luxury of rapidly launching new alternative payment types into the market place. A truly end-to-end offering which uses “state of the art” machine learning to manage omni-channel payment transactions securely via a cloud-based platform.

Find out how ai can provide innovative technology that will help you grow profitably by visiting www.aicorporation.com

For more information, please contact:
Nick Jones
The ai Corporation
nick.jones@aicorporation.com



Category: Artificial intelligence
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