International payment processor Quatrro Processing and FCA-approved expert in payments, fraud and risk management The ai Corporation (ai) has launched an artificial intelligence-powered payments processing solution.

The new product, called QPS, is designed as an end-to-end fraud and risk mitigation solution for financial institutions and merchants (e-commerce and traditional).

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It features a 24/7 service window to provide access to seasoned fraud analysts and latest artificial intelligence and machine-learning technology.

The solution is designed to prevent fraud and facilitate payments processing covering multiple transaction channels such as cards; check, ACH and wire; Alternate Payment Methods (APM), Mobile and Online Payments.

QPS utilises a combination of technology solutions and human intelligence to provide fraud prevention services and secure transactions.

It can strengthen the user’s current fraud management systems and platform by complementing it with human intelligence, ai’s artificial intelligence and machine-learning technology.

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Quatrro Processing president and COO Sriram Natarajan said: “QPS has been at the forefront in providing best-in-breed payments and transaction processing services to Banks in the United States for more than 10 years.

“Through our partnership with ai, we will be able to introduce its innovative artificial intelligence and machine learning models to more merchants and financial institutions.”