Feedzai inks agreement to enter Brazilian marketplace

Monday 20 October 2014 00:40 CET | News

Feedzai, a data science company, has signed a new customer in Brazil which is licensed by both Visa and MasterCard to accredit merchants.

As per the agreement, Feedzai will provide the Brazilian payments service provider and marketplace with the use of its software to detect and prevent fraud for all Visa and Mastercard transactions nationwide.

Brazil is Latin America’s top ecommerce market. The Brazilian cards and payments industry grew at a CAGR of 8.97% between 2008 and 2012, and reached a transaction value of USD 917.1 billion at the end of 2012.

Feedzai ‘Fraud Prevention That Learns’ technology fuses big data and machine learning to allow analysts to predict and prevent electronic payment loss based on behavioral analysis and understanding of the way consumers behave when they make purchases, online, in-store or from mobile devices.

Feedzai is a data science company that uses machine-based learning to help payment providers, banks and retailers prevent fraud in omnichannel commerce. Feedzai is a global company, headquartered in US.

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Keywords: Feedzai, Brazil, Visa, MasterCard, merchants, online security, cards and payments
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime