Mastercard and Vesta, an end-to-end fraud prevention platform for digital purchases, announced a new strategic partnership to provide a cutting-edge fraud management platform to Latin American and Caribbean merchants.
As consumers’ desire and interest in shopping online grows, merchants are being challenged to verify identities and manage evolving fraud threats in real time.
Through this collaboration, the organisations join forces to not only meet the security needs of merchants, but also to address a broader effort to improve the digital experience of consumers and strengthen their trust in ecommerce.
The fraud management solutions developed as a result of this collaboration will pool resources from both organisations. Vesta’s real-time anomaly detection and response, extensive global consortium data, and best-in-class machine learning decisioning tools are included, along with the strategic capabilities of Mastercard Cyber and Intelligence solutions.
They will provide complete protection for Mastercard merchants and consumers worldwide before, during, and after a transaction.
The partnership will provide merchants with 100% fraud chargeback protection by combining the solutions and market expertise, as well as numerous transactional insights such as payment risk scores and pre-emptive chargeback alerts.