The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee platform, and will allow merchants to eliminate online fraud, approve more transactions, and grow their business.
Mastercard’s collaboration with Vesta also reflects the company’s ongoing investments in cyber capabilities that bolster the wider ecosystem. The combination of cyber security solutions, including behavioural biometrics, pre-dispute resolution, identity verification, and Mastercard’s market expertise, will provide merchants with 100% fraud chargeback protection, whilst also incorporating transactional insights such as payment risk scores and pre-emptive chargeback alerts.
The ecommerce fraud ecosystem
According to a recent study from Juniper Research, the total cost of ecommerce fraud to merchants globally will exceed USD 48 billion in 2023, from just over USD 41 billion in 2022. The study found that Asia Pacific accounted for 22% of global fraud.
With an…
