Mastercard and Riskified integrate to combat e-commerce fraud

By Delisha Fernandes

Riskified, an e-commerce fraud and risk intelligence provider, has announced partnership with global payments provider Mastercard.

The partnership aims to improve the ability of businesses across the globe to grow online revenues and profit while mitigating the risk of fraud and chargebacks.

Riskified’s machine learning platform provides merchant fraud teams with highly accurate, automated risk decisions for ecommerce transactions. This partnership breaks new ground in the ecommerce fraud space by marrying insights from Mastercard’s  cybersecurity products and solutions with Riskified’s extensive transaction and identity network.

The collaboration also provides access to Mastercard’s suite of tools that enable real-time alerts on chargeback events and facilitate automated dispute resolution.

“This global partnership with Mastercard highlights the measurable impact Riskified makes on merchant revenues and profitability,” said Kevin Sprake, Vice President, Global Channel Partnerships at Riskified. “We are excited to work with Mastercard to empower merchants to continue investing in ecommerce to drive growth across the globe, and particularly in emerging markets where merchants have higher exposures to fraud and abuse.

Riskified helps businesses to grow ecommerce revenues and profit by mitigating risk. An unrivaled network of merchant brands, including Wayfair, Booking.com, and Prada, partner with Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention.