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United States : Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud

United States : Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud (Companies to Watch)

Mar 13, 2019 (Euclid Infotech Ltd via COMTEX) -- Mastercard announced it has entered into an agreement to acquire Ethoca, a global provider of technology solutions that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce. The Ethoca suite of products adds to Mastercards commitment to drive greater protection in the digital space, integrating with its robust suite of fraud management and security products. As a result, both merchants and card issuers benefit from lower operational costs by reducing fraud at the source. Mastercard intends to further scale these capabilities and combine Ethoca with its current security activities, data insights and artificial intelligence solutions to help merchants and card issuers more easily identify and stop potentially fraudulent purchases and false declines. Ethoca is a strong addition to our multilayered cyber strategy, helping customers take immediate action against fraud and eliminate chargebacks before they can occur.

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