Riskified Enhances Partnership with Mastercard to Boost E-commerce Growth and Mitigate Fraud
Riskified (NYSE:RSKD), a prominent player in e-commerce fraud and risk intelligence, has revealed an expanded partnership with global payments giant Mastercard, according to Finextra. This collaboration is set to change the landscape of e-commerce fraud prevention, offering businesses around the world improved opportunities to flourish in the online realm while safeguarding against fraud and chargebacks.
At the core of Riskified’s contribution is its advanced machine learning platform, designed to equip merchant fraud teams with precise and automated risk-assessment capabilities for e-commerce transactions. This partnership marks a significant advancement by amalgamating insights gleaned from Mastercard’s preeminent cybersecurity products and solutions with Riskified’s vast transactional and identity network. Furthermore, the alliance grants access to Mastercard’s array of tools, which provide real-time alerts concerning chargeback incidents and streamline the process of automated dispute resolution.
Kevin Sprake, Vice President of Global Channel Partnerships at Riskified, emphasized the global scope of this collaboration, stating, «This global partnership with Mastercard highlights the measurable impact Riskified makes on merchant revenues and profitability.» He further expressed enthusiasm regarding the empowerment of merchants through this partnership, particularly in the context of emerging markets where susceptibility to fraud and abuse is higher.
This innovative collaboration between Riskified and Mastercard underscores a shared commitment to enabling businesses to thrive in the digital landscape while ensuring the integrity of transactions. As the e-commerce realm continues to evolve, this partnership stands as a beacon of progress and security for merchants worldwide.