Mastercard and Riskified New Integration Combines Fraud Insights to Drive Ecommerce Revenue Growth and Profitability for Global Merchants

Rhea-AI Summary

Riskified announces enhanced partnership with Mastercard to improve ecommerce fraud prevention and chargeback resolution. The partnership combines Riskified's machine learning platform with Mastercard's cybersecurity products and solutions, providing real-time alerts and automated dispute resolution.

NEW YORK--(BUSINESS WIRE)-- Riskified (NYSE:RSKD), a leader in ecommerce fraud and risk intelligence, today announced an enhanced partnership with global payments leader Mastercard, that will 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-decisioning for ecommerce transactions. This partnership breaks new ground in the ecommerce fraud space by marrying insights from Mastercard’s world-leading cybersecurity products and solutions with Riskified’s extensive transaction and identity network. The partnership 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're 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.”

For more information on Riskified Partners, visit riskified.com/partners.

About Riskified

Riskified (NYSE:RSKD) empowers 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. Developed and managed by the largest team of ecommerce risk analysts, data scientists and researchers, Riskified’s AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at Riskified.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230817028316/en/

Aileen McNelis

PR for Riskified

amcnelis@nexttechcomms.com

Cristina Dinozo

Sr. Director of Communications

press@riskified.com

Chett Mandel

Head of Investor Relations

ir@riskified.com

Source: Riskified

FAQ

What is the partnership between Riskified and Mastercard?

The partnership aims to improve ecommerce fraud prevention and chargeback resolution by combining Riskified's machine learning platform with Mastercard's cybersecurity products and solutions.

What does Riskified's machine learning platform provide?

Riskified's machine learning platform offers highly accurate, automated risk-decisioning for ecommerce transactions.

What are the benefits of the partnership?

The partnership provides merchants with access to Mastercard's suite of tools for real-time alerts on chargeback events and automated dispute resolution, improving the ability to grow online revenues and profit while mitigating the risk of fraud and chargebacks.

How does this partnership impact emerging markets?

The partnership is particularly beneficial for merchants in emerging markets where there is a higher exposure to fraud and abuse, enabling them to invest in ecommerce and drive growth.

Where can I find more information on Riskified Partners?

For more information on Riskified Partners, visit riskified.com/partners.