Fiserv integrates Vesta's fraud prevention platform

Thursday 22 July 2021 14:03 CET | News

Fiserv has announced the integration of a fraud prevention solution into its ecommerce payment gateway to reduce the fraud-related chargeback risk for Mexico’s online commerce.

The Vesta fraud prevention platform helps secure online payment transactions, reduces the decline rate, and includes a ‘Zero Chargeback Guarantee’.

According to Vesta, Card Not Present (CNP) fraud resulted in nearly USD 35.5 billion dollars in losses worldwide in 2020, and an amount estimated to triple in the next four years. Vesta also points out that for each dollar lost to fraud, retailers spend three times the amount in prevention efforts.

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Keywords: Fiserv, ecommerce, financial services, fraud prevention, chargebacks
Categories: Fraud & Financial Crime
Countries: Mexico
This article is part of category

Fraud & Financial Crime

Industry Events