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All Stories


Andrea McGeachin Joins Smart Voucher

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Smart Voucher Eases the Pain for US Pharmacies

11 July 2007
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Smart Voucher Supports Skype's Roll Out of Pre-paid Cards in Wal-Mart Stores

22 June 2007
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Providing a Platform for International Expansion

4 April 2007
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3PEA International, Inc. Announces Card Processing and Service Agreement With Ukash/Smart Voucher Ltd.

8 March 2007
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Alaric To Provide Risk Control Solution

18 January 2007
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Smart Voucher Announces FSA Authorisation For E-Money Status

1 August 2006
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Alaric To Provide Risk Control Solution


18 January 2007


Alaric International, a leading supplier of advanced technology solutions for the card payments industry, today announced that its Fractals Merchant Monitoring and Anti Money Laundering (AML) solutions will be used to enable Smart Voucher, the pre-paid cash voucher supplier to meet the Financial Services Authority's (FSA) compliance needs. Based on the Smart Voucher platform, the Ukash system allows vouchers purchased in one currency to be redeemed in different currencies throughout the countries that support Ukash operations. Alaric has already supplied a major component of the Smart Voucher Gateway infrastructure for the scheme.

Smart Voucher Ltd., which trades under the Ukash name, is authorised and regulated by the Financial Services Authority in the United Kingdom as an electronic money institution. As such, Ukash must comply with the FSA's recommended guidelines for transaction risk monitoring and anti money laundering. The Fractals system will allow Ukash to implement a real-time fraud and transactional risk monitoring system in order to detect potential fraud and money laundering activity across its transactions.

"The Ukash scheme has tremendous potential because it offers a simple and secure one-time payment solution to a wide range of consumers, including those without bank accounts," said Mark Chirnside, Smart Voucher CEO. "Alaric's Fractals Merchant Monitoring and AML solutions provide the security backbone to operate our system with full confidence, and mitigate risk for the benefit of all of our customers."

"It's always pleasing when an organisation such as Ukash chooses Fractals fraud detection system as a result of our proven capabilities in this area," commented Steve Lomax, Director of Sales and Marketing at Alaric International. "The prepaid card market is a potential Klondike for fraudsters unless the correct preventative measures are set in place."

Fractals is a complete card fraud detection solution that enables proactive, systematic card fraud detection in either real-time, near-time or batch modes. It provides an automated way of analysing card transactions as they arise and of scoring their likelihood of being fraudulent.