MYOB partners with The ai Corporation to launch world class payments gateway, providing 1.2m customers with more security than ever

-          Omni payments protected by state of the art, self-service fraud and analytic solutions, supporting multiple risk models.

-          MYOB is ai’s channel partner in Australia and New Zealand

Melbourne and London: MYOB, Australia’s leading provider of online accounting and business solutions, and The ai Corporation (ai), an FCA approved expert in payments, fraud and risk management, this week 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, help Australian and New Zealand businesses and their suppliers get paid faster and have more control of their sales process. The solution enables users to customise, send and track invoices as well as 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 risk exposure.

Artificial intelligence paired with machine-learning technology

The partnership enables MYOB users to adopt ai’s unique payment processing and analytics capabilities, as well as its fraud detection solutions and risk management engine RiskNet®. These provide MYOB customers 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 approach 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.

Another step forward for MYOB PayBy

“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,” Andrew Birch, MYOB’s Chief Operating Officer said.

“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.

“We are delighted to be partnering with Australia’s leading accounting software provider,” said Dr Mark Goldspink, CEO of ai.

“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.”

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For further comment or other information please contact:

Selina Ife, Media Relations Consultant, MYOB

M: 61 488 044 237 / E: selina.ife@myob.com

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