CPI Joins Forces with Rippleshot to Enhance Fraud Protection
CPI Card Group Inc. (Nasdaq: PMTS) has announced a strategic partnership with Rippleshot to enhance fraud protection for its customers. Rippleshot's AI-based platform leverages machine learning and predictive analytics to detect and prevent credit and debit card fraud. The collaboration aims to help financial institutions proactively prevent fraudulent events, reduce costs associated with fraud loss, and improve cardholder satisfaction.
Key benefits of Rippleshot's platform include:
- Up to 35% decrease in fraud activity per year
- 10 times more compromised incidents identified than average network alerts
- 5 times less disruption to customers' transactions
- Ability to block high-risk merchants and mitigate data breach impacts
This partnership complements CPI's expanding suite of innovative solutions, including digital card and push provisioning services.
CPI Card Group Inc. (Nasdaq: PMTS) ha annunciato una partnership strategica con Rippleshot per migliorare la protezione antifrode dei suoi clienti. La piattaforma basata sull'AI di Rippleshot utilizza il machine learning e l'analisi predittiva per rilevare e prevenire le frodi con carte di credito e debito. La collaborazione ha l'obiettivo di aiutare le istituzioni finanziarie a prevenire proattivamente eventi fraudolenti, ridurre i costi associati alle perdite da frode e migliorare la soddisfazione degli utenti delle carte.
I principali vantaggi della piattaforma di Rippleshot includono:
- Fino al 35% di riduzione dell'attività fraudolenta all'anno
- 10 volte più incidenti compromessi identificati rispetto agli avvisi medi della rete
- 5 volte meno interruzioni nelle transazioni dei clienti
- Capacità di bloccare i commercianti ad alto rischio e ridurre gli impatti delle violazioni dei dati
Questa partnership completa la crescente suite di soluzioni innovative di CPI, tra cui servizi di carte digitali e provisioning push.
CPI Card Group Inc. (Nasdaq: PMTS) ha anunciado una asociación estratégica con Rippleshot para mejorar la protección contra fraudes para sus clientes. La plataforma basada en inteligencia artificial de Rippleshot aprovecha el aprendizaje automático y análisis predictivo para detectar y prevenir fraudes con tarjetas de crédito y débito. La colaboración tiene como objetivo ayudar a las instituciones financieras a prevenir proactivamente eventos fraudulentos, reducir los costos asociados con las pérdidas por fraude y mejorar la satisfacción de los tarjetahabientes.
Los beneficios clave de la plataforma de Rippleshot incluyen:
- Hasta un 35% de disminución en la actividad fraudulenta por año
- 10 veces más incidentes comprometidos identificados que las alertas promedio de la red
- 5 veces menos interrupciones en las transacciones de los clientes
- Capacidad de bloquear comerciantes de alto riesgo y mitigar los impactos de las brechas de datos
Esta asociación complementa la creciente gama de soluciones innovadoras de CPI, incluyendo servicios de tarjetas digitales y provisión a demanda.
CPI 카드 그룹 Inc. (Nasdaq: PMTS)는 고객의 사기 보호를 강화하기 위한 전략적 파트너십을 Rippleshot와 발표했습니다. Rippleshot의 AI 기반 플랫폼은 머신 러닝과 예측 분석을 활용하여 신용카드 및 직불카드 사기를 감지하고 예방합니다. 이 협업은 금융 기관이 사기 사건을 사전에 방지하고, 사기로 인한 손실 비용을 줄이며, 카드 소지자의 만족도를 높이는 데 도움을 주는 것을 목표로 합니다.
Rippleshot 플랫폼의 주요 이점은 다음과 같습니다:
- 연간 최대 35%의 사기 활동 감소
- 평균 네트워크 경고보다 10배 많은 타격 사건 식별
- 고객 거래의 5배 적은 중단
- 고위험 상인을 차단하고 데이터 침해 영향 완화 가능
이 파트너십은 디지털 카드 및 푸시 프로비저닝 서비스를 포함하여 CPI의 혁신적인 솔루션을 확장하는 데 도움이 됩니다.
CPI Card Group Inc. (Nasdaq: PMTS) a annoncé un partenariat stratégique avec Rippleshot pour améliorer la protection contre la fraude pour ses clients. La plateforme basée sur l'intelligence artificielle de Rippleshot utilise l'apprentissage automatique et l'analyse prédictive pour détecter et prévenir les fraudes par carte de crédit et de débit. Cette collaboration vise à aider les institutions financières à prévenir proactivement les événements frauduleux, à réduire les coûts liés aux pertes dues à la fraude et à améliorer la satisfaction des titulaires de carte.
Les principaux avantages de la plateforme de Rippleshot comprennent :
- Une réduction allant jusqu'à 35 % de l'activité frauduleuse par an
- 10 fois plus d'incidents compromis identifiés que les alertes moyennes du réseau
- 5 fois moins d'interruptions des transactions des clients
- Capacité à bloquer les commerçants à haut risque et à atténuer les impacts des violations de données
Ce partenariat complète la suite croissante de solutions innovantes de CPI, y compris les services de cartes numériques et de provisionnement push.
CPI Card Group Inc. (Nasdaq: PMTS) hat eine strategische Partnerschaft mit Rippleshot angekündigt, um den Betrugschutz für seine Kunden zu verbessern. Die KI-basierte Plattform von Rippleshot nutzt maschinelles Lernen und prädiktive Analytik zur Erkennung und Verhinderung von Kredit- und Debitkartenbetrug. Die Zusammenarbeit zielt darauf ab, Finanzinstitutionen dabei zu helfen, betrügerische Ereignisse proaktiv zu verhindern, die mit Betrug verbundenen Kosten zu senken und die Kundenzufriedenheit zu steigern.
Wichtige Vorteile der Plattform von Rippleshot sind:
- Bis zu 35 % Rückgang der Betrugsaktivität pro Jahr
- 10-mal mehr identifizierte kompromittierte Vorfälle als durchschnittliche Netzwerkwarnungen
- 5-mal weniger Störungen bei den Transaktionen der Kunden
- Die Möglichkeit, hochriskante Händler zu sperren und die Auswirkungen von Datenverletzungen zu mindern
Diese Partnerschaft ergänzt die wachsende Palette innovativer Lösungen von CPI, einschließlich digitaler Karten und Push-Provisionierungsdiensten.
- Strategic partnership with Rippleshot to enhance fraud protection services
- Potential for up to 35% decrease in fraud activity per year for clients
- 10x more compromised incidents identified compared to average network alerts
- 5x less disruption to customers' transactions with risk score-based reissuance strategies
- Complements CPI's expanding suite of digital solutions
- None.
CPI Card Group's partnership with Rippleshot marks a significant step in enhancing fraud protection for financial institutions. The integration of Rippleshot's AI-driven platform into CPI's suite of services could be a game-changer in the payment card industry. With reported
The strategic move aligns with the growing trend of AI adoption in fintech, potentially giving CPI a competitive edge. However, the true test will be in the seamless integration and adoption by CPI's existing customer base. While the partnership promises enhanced security, investors should monitor how this translates to CPI's bottom line and market share in the coming quarters.
The CPI-Rippleshot partnership represents a proactive approach to fraud prevention, leveraging advanced AI and machine learning techniques. This is important in an era where cybercriminals are becoming increasingly sophisticated. The ability to predict and prevent fraudulent activities before they occur is a significant advancement over traditional reactive measures.
What's particularly impressive is Rippleshot's data consortium of over 5,000 financial institutions. This vast data pool enhances the AI's learning capabilities, potentially leading to more accurate fraud detection. However, it's important to note that as AI systems become more prevalent in fraud detection, cybercriminals may adapt their strategies. CPI and Rippleshot will need to ensure continuous innovation to stay ahead of evolving threats.
This partnership could significantly impact CPI's market position. By offering Rippleshot's advanced fraud prevention services, CPI is addressing a major concern for financial institutions and consumers alike. The potential for
Moreover, the addition of Rippleshot's services complements CPI's expanding digital solutions, including digital card and push provisioning services. This holistic approach to payment solutions could differentiate CPI in a competitive market. However, success will depend on effective integration and marketing of these new capabilities. Investors should watch for uptake rates among CPI's customers and any impact on customer acquisition or retention in upcoming financial reports.
Rippleshot’s AI-based platform helps financial institutions proactively prevent payment card fraud
“Rippleshot is eager to make our customers’ businesses more efficient and add value to our suite of digital solutions,” said Rob Dixon, Vice President, Business Development and Digital Solutions at CPI. “Rippleshot is a technology-forward solutions provider with a human-centric approach to decreasing fraud. Through this partnership, our customers will be able to reduce costs associated with fraud loss, chargebacks and manual monitoring while increasing profits and retaining top-of-wallet status with their cardholders.”
Backed by an expansive data consortium of more than 5,000 financial institutions, Rippleshot’s fraud analytics platform identifies fraud patterns to generate intelligence and rules to proactively detect emerging risks and block incidents before they occur. It also allows financial institutions to block high-risk merchants and mitigate the impact of catastrophic data breaches.
With consistent use of the platform, Rippleshot clients reported up to a
“Our partnership with CPI furthers our commitment to collaborating and helping financial institutions better protect their revenue and their account holders,” said Canh Tran, CEO and Co-Founder of Rippleshot. “Keeping up with evolving fraud trends is complex, labor intensive and impossible to tackle alone. We’re excited to team up with CPI and their partners to help financial institutions proactively transform fraud prevention with a data-driven fraud management approach.”
For more information about the benefits of the partnership between Rippleshot and CPI, click here.
About CPI Card Group®
CPI Card Group is a payments technology company providing a comprehensive range of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service (SaaS) instant issuance. With a focus on building personal relationships and earning trust, we help our customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. We serve clients across industry, size, and scale through our team of experienced, dedicated employees and our network of high-security production and card services facilities – located in
About Rippleshot
Fraud is moving fast. Rippleshot helps financial institutions be faster. We proactively detect and stop credit and debit card fraud before it strikes. Trusted by more than 1,700 financial institutions, Rippleshot combines AI, machine learning, our data consortium 50+ million daily credit and debit transactions and the expertise of fraud and data scientists to deliver rapid risk detection, data-based decision rules and actionable intelligence. Equipped with predictive fraud analytics, Rippleshot gives fraud managers, analysts and executives comprehensive visibility and insights to safeguard customers, streamline fraud operations and boost fraud mitigation performance. Visit us at www.rippleshot.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240826559867/en/
Andy Sedlak
Dix & Eaton
media@cpicardgroup.com
(740) 412-2189
Source: CPI Card Group
FAQ
What is the new partnership announced by CPI Card Group (PMTS)?
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