News

Mastercard and Vesta partner to safeguard merchants' transactions

Tuesday 10 January 2023 12:22 CET | News

Mastercard has teamed up with end-to-end transaction guarantee platform for online purchases Vesta to equip merchants with a fraud management platform.

 

Through this collaboration, the organisations aim to not only meet merchants’ security needs, but also address a broader effort to enhance the consumer ‘s digital experience and strengthen their trust in ecommerce.

Mastercard has teamed up with end-to-end transaction guarantee platform for online purchases Vesta to equip merchants with a fraud management platform.

The fraud management solutions resulting from this partnership will unite resources from each organisation. This includes Vesta’s real-time anomaly detection and response, extensive global consortium data, and machine learning decisioning tools with the added strategic capabilities of Mastercard Cyber and Intelligence solutions. Together, they will provide full protection, before, during, and after a transaction for Mastercard merchants and consumers worldwide.

Fighting friendly fraud

Using the combination of the solutions and market expertise, the partnership will provide merchants 100% fraud chargeback protection and will also incorporate numerous transactional insights like payment risk scores and pre-emptive chargeback alerts.

Officials from Vesta said they are happy about this new partnership with Mastercard. Their combined ability to help digital merchants across the network positively impact revenues with zero risk decisioning in real time is very useful. Merchants often lose legitimate customers and revenue simply due to a lack of available information, insufficient analysis, and overly strict fraud prevention, causing ecommerce retailers to decline good customer transactions, because of the fear of fraud.

Mastercard’s partnership with Vesta is the next step in its journey to make the digital economy safer, more seamless, and secure. Adding to its existing capabilities, this collaboration simplifies risk management for merchants while offering a better consumer experience.The enhanced solution will be available to all markets across Latin America & Caribbean starting Q1 2023.

For more information about Vesta, please check out the company profile in The Paypers Company Database.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: MasterCard, friendly fraud, chargebacks, partnership, fraud prevention, online payments
Categories: Fraud & Financial Crime
Companies: Mastercard, Vesta
Countries: Caribbean, Latin America
This article is part of category

Fraud & Financial Crime

Mastercard

|

Vesta

|
Discover all the Company news on Mastercard and other articles related to Mastercard in The Paypers News, Reports, and insights on the payments and fintech industry: