Payments provider Mastercard and e-commerce fraud and risk intelligence firm Riskified have partnered to combine fraud insights in order to power e-commerce revenue growth and profitability for merchants across the globe.
Through the collaboration, the firms aim to enhance the ability of businesses worldwide to increase online revenues and profit along with reducing the risk of fraud and chargebacks.
Based in Israel, Riskified helps merchants and brands to guarantee protection against chargebacks, combat fraud and policy abuse at scale and enhance customer retention.
The firm’s machine learning platform offers merchant fraud teams highly accurate and automated risk-decisioning for e-commerce transactions.
Riskified also safeguards customers from malicious account takeover attacks, fights payment failures at checkout, and helps merchants block abuse while upholding consumer-friendly policies.
The company was founded by Eido Gal and Assaf Feldman in 2013.
Riskified global channel partnerships vice president Kevin Sprake said: “This global partnership with Mastercard highlights the measurable impact Riskified makes on merchant revenues and profitability.
“We’re excited to work with Mastercard to empower merchants to continue investing in e-commerce to drive growth across the globe, and particularly in emerging markets where merchants have higher exposures to fraud and abuse.”
The partnership between the companies will integrate Mastercard’s cybersecurity products and solutions with Riskified’s extensive transaction and identity network.
Besides, the collaboration will offer access to Mastercard’s portfolio of tools that allow real-time alerts on chargeback events and support automated dispute resolution.
Earlier this month, Riskified integrated with commercetools to offer advanced fraud prevention and risk management solutions to merchants worldwide.
