Equifax and Mastercard Join Forces to Combat Payment Fraud in Latin America
Equifax (EFX) and Mastercard (MA) have partnered to combat payment fraud in Latin America through the integration of Kount Payment Fraud solution with Mastercard's fraud management tools. The collaboration aims to protect digital payments through identity verification and fraud risk assessment while preventing chargebacks.
The initiative addresses a critical need in Latin America, which has one of the highest fraud rates globally, with merchants losing approximately 4.6% of e-commerce revenue to payment fraud. With regional e-commerce revenue projected to grow from $85 billion in 2021 to $160 billion by 2025, this partnership seeks to enable secure business growth.
The Kount Payment Fraud solution, currently used by over 20,000 businesses in more than 40 countries, will be available to financial institutions, payment service providers, acquirers, and merchants across Latin America, excluding Brazil.
Equifax (EFX) e Mastercard (MA) hanno collaborato per combattere la frode nei pagamenti in America Latina tramite l'integrazione della soluzione Kount Payment Fraud con gli strumenti di gestione delle frodi di Mastercard. Questa collaborazione mira a proteggere i pagamenti digitali attraverso la verifica dell'identità e la valutazione del rischio di frode, prevenendo i chargeback.
L'iniziativa risponde a un'esigenza critica in America Latina, che presenta uno dei tassi di frode più alti a livello globale, con i commercianti che perdono circa il 4,6% delle entrate del commercio elettronico a causa della frode nei pagamenti. Con le entrate del commercio elettronico regionale stimate a crescere da 85 miliardi di dollari nel 2021 a 160 miliardi di dollari entro il 2025, questa partnership intende consentire una crescita aziendale sicura.
La soluzione Kount Payment Fraud, attualmente utilizzata da oltre 20.000 aziende in più di 40 paesi, sarà disponibile per istituzioni finanziarie, provider di servizi di pagamento, acquirenti e commercianti in tutta l'America Latina, escluso il Brasile.
Equifax (EFX) y Mastercard (MA) se han asociado para combatir el fraude en los pagos en América Latina mediante la integración de la solución Kount Payment Fraud con las herramientas de gestión de fraudes de Mastercard. La colaboración tiene como objetivo proteger los pagos digitales a través de la verificación de identidad y la evaluación del riesgo de fraude, al tiempo que previene los chargebacks.
La iniciativa aborda una necesidad crítica en América Latina, que tiene una de las tasas de fraude más altas a nivel mundial, con los comerciantes perdiendo aproximadamente el 4.6% de los ingresos del comercio electrónico debido al fraude en los pagos. Con los ingresos regionales del comercio electrónico proyectados para crecer de 85 mil millones de dólares en 2021 a 160 mil millones de dólares para 2025, esta asociación busca permitir un crecimiento empresarial seguro.
La solución Kount Payment Fraud, que actualmente es utilizada por más de 20,000 empresas en más de 40 países, estará disponible para instituciones financieras, proveedores de servicios de pago, adquirentes y comerciantes en toda América Latina, excluyendo Brasil.
Equifax (EFX)와 Mastercard (MA)는 라틴 아메리카에서 결제 사기를 방지하기 위해 Kount Payment Fraud 솔루션과 Mastercard의 사기 관리 도구를 통합하는 파트너십을 체결했습니다. 이 협력의 목표는 신원 확인 및 사기 위험 평가를 통해 디지털 결제를 보호하고, 차지백을 방지하는 것입니다.
이 이니셔티브는 세계적으로 가장 높은 사기율 중 하나를 기록하고 있는 라틴 아메리카의 중요한 필요를 해결합니다. 상인들은 결제 사기로 인해 전자상거래 수익의 약 4.6%를 잃고 있습니다. 지역 전자상거래 수익이 2021년 850억 달러에서 2025년 1600억 달러로 성장할 것으로 예상됨에 따라, 이 파트너십은 안전한 비즈니스 성장을 가능하게 하고자 합니다.
Kount Payment Fraud 솔루션은 현재 20,000개 이상의 기업가 40개국 이상에서 사용하고 있으며, 브라질을 제외한 라틴 아메리카 전역의 금융 기관, 결제 서비스 제공업체, 인수업체 및 상인들에게 제공될 예정입니다.
Equifax (EFX) et Mastercard (MA) ont établi un partenariat pour lutter contre la fraude aux paiements en Amérique Latine grâce à l'intégration de la solution Kount Payment Fraud avec les outils de gestion des fraudes de Mastercard. Cette collaboration vise à protéger les paiements numériques par la vérification de l'identité et l'évaluation du risque de fraude, tout en évitant les rétrofacturations.
Cette initiative répond à un besoin critique en Amérique Latine, qui affiche l'un des taux de fraude les plus élevés au monde, les commerçants perdant environ 4,6% de leurs revenus d'e-commerce en raison de la fraude aux paiements. Avec des revenus régionaux d'e-commerce projetés pour passer de 85 milliards de dollars en 2021 à 160 milliards de dollars d'ici 2025, ce partenariat vise à permettre une croissance sécurisée des entreprises.
La solution Kount Payment Fraud, actuellement utilisée par plus de 20 000 entreprises dans plus de 40 pays, sera disponible pour les institutions financières, les fournisseurs de services de paiement, les acquéreurs et les commerçants à travers l'Amérique Latine, à l'exception du Brésil.
Equifax (EFX) und Mastercard (MA) haben sich zusammengeschlossen, um Betrug bei Zahlungen in Lateinamerika zu bekämpfen, indem die Kount Payment Fraud-Lösung in die Betrugsmanagement-Tools von Mastercard integriert wird. Die Zusammenarbeit zielt darauf ab, digitale Zahlungen durch Identitätsüberprüfung und Betrugsrisikobewertung zu schützen, während Rückbuchungen verhindert werden.
Die Initiative adressiert einen kritischen Bedarf in Lateinamerika, das eine der höchsten Betrugsraten weltweit aufweist, wobei Händler etwa 4,6% ihrer E-Commerce-Umsätze durch Zahlungsbetrug verlieren. Da die regionalen E-Commerce-Umsätze von 85 Milliarden Dollar im Jahr 2021 auf 160 Milliarden Dollar bis 2025 voraussichtlich steigen werden, zielt diese Partnerschaft darauf ab, ein sicheres Unternehmenswachstum zu ermöglichen.
Die Kount Payment Fraud-Lösung, die derzeit von über 20.000 Unternehmen in mehr als 40 Ländern genutzt wird, wird Finanzinstitutionen, Zahlungsdienstleistern, Akquirierern und Händlern in ganz Lateinamerika, ausgeschlossen Brasilien, zur Verfügung stehen.
- Partnership with Mastercard expands Equifax's fraud prevention services in Latin America
- Addresses a large market with e-commerce revenue expected to reach $160 billion by 2025
- Potential revenue growth opportunity in a region losing 4.6% of e-commerce revenue to fraud
- Exclusion of Brazil limits market reach in Latin America
- High regional fraud rates may pose implementation challenges
Insights
The strategic partnership between Equifax and Mastercard targets a significant market opportunity in Latin America's digital payments sector, where e-commerce revenue is projected to surge from
The integration of Mastercard's identity verification tools with Kount's fraud prevention platform creates a comprehensive security ecosystem that could significantly reduce the
This partnership represents a strategic expansion in Latin America's high-growth digital payments market. The timing is particularly advantageous as the region undergages a rapid digital transformation, with e-commerce expected to nearly double in value. The collaboration addresses a critical market need, as Latin America faces one of the highest fraud rates globally.
With Kount's existing presence in over 40 countries and 20,000 business clients, this partnership with Mastercard significantly enhances market penetration potential in Latin America. The exclusion of Brazil from the agreement suggests room for future expansion in the region's largest economy, while the current focus allows for targeted growth in other promising markets.
Mastercard Now Offering Kount Payment Fraud Prevention and Chargeback Mitigation to Payment Providers and Merchants
Enhanced fraud management tools, including Mastercard Identity, Ethoca Alerts and Ethoca Consumer Clarity are now available to Mastercard business customers in Latin America through the Kount Payment Fraud solution from Equifax. The combined solutions protect the entire digital payments environment through identity verification and fraud risk assessment while preventing chargebacks through order validation and alerting services.
The Kount Payment Fraud solution from Equifax is used by more than 20,000 businesses operating in more than 40 countries around the world due to its real-time fraud prevention capabilities during transactions.
"As a global leader in fraud prevention, we are thrilled to work with Mastercard to help Latin American merchants and partners combat fraud and continue to innovate across the financial sector," commented Chris Jones, President of Equifax Latin America. "This strategic alignment will provide safer payment transactions and reduce chargebacks, enabling businesses of all sizes in
"Adding to our existing capabilities, this collaboration is the next step in our journey to make the digital economy safe and more seamless for payment providers and merchants in the region," said Ana Lucia Magliano, Executive Vice President, Services, Mastercard Latin America and the
The Kount Payment Fraud solution is available in collaboration with Mastercard to financial institutions, payment service providers, acquirers, merchants and others across
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in
ABOUT MASTERCARD
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
FOR MORE INFORMATION:
Mario Arrua (
mediainquiries@equifax.com
Andrea Denadai for Mastercard
Andrea.denadai@mastercard.com
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SOURCE Equifax Inc.
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