Mastercard, Vesta to Offer Fraud Management Solutions for APAC Merchantsby Fintech News Singapore February 27, 2023
Mastercard and end-to-end fraud protection platform Vesta has partnered to provide fraud management solutions for merchants in the Asia Pacific region.
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.
The combination of the cyber security solutions include behavioral biometrics, pre-dispute resolution, and identity verification, and Mastercard’s market expertise.
This will provide merchants with 100% fraud chargeback protection, whilst also incorporating transactional insights such as payment risk scores and pre-emptive chargeback alerts.
The service will be available to merchants in the second quarter of this year.
“The partnership with Vesta is a great example of Mastercard’s commitment to building strategic relationships with key players across the payments and technology ecosystems.
Mastercard is excited to have the opportunity to work together and deliver on the cybersecurity needs of its customers in Asia Pacific, making the region’s digital economy safer, more seamless and secure.”
said Karthik Ramanathan, Senior Vice President, Cyber & Intelligence, Asia Pacific, Mastercard.
“We are honoured to partner with Mastercard to innovate in the cyber and intelligence domain.
Through this strategic partnership, merchants will benefit from one integration into Vesta’s decision engine to approve more legitimate transactions with zero fraud chargeback liability, allowing them to focus on growing sales and improving customer experience without the fear of fraud.”
said Shabab Muhaddes, Vesta SVP and GM APAC.