Chargeback volumes are projected to soar to 337 million by 2026, according to industry forecasts.
Ethoca Alerts prevented $1.6 billion in fraudulent chargeback losses between 2022 and 2023.
Worldpay has announced its collaboration with Mastercard to
integrate Ethoca Alerts into its services. This move is anticipated to equip
over one million merchants associated with Worldpay with enhanced capabilities
to swiftly address transaction disputes, thereby mitigating the risks
associated with chargebacks.
Preempting Disputes across Payment Brands
Ethoca Alerts, a proactive solution offered by Mastercard,
functions seamlessly across various payment brands, furnishing a preemptive
system to intercept potential disputes before it escalates to chargebacks.
This mechanism facilitates the speedy resolution of transaction discrepancies and bolsters merchants' defenses against financial losses attributable to
fraudulent activities.
The proliferation of chargeback incidents poses a
significant challenge for merchants, underscoring the urgency for robust
preventive measures. Industry forecasts predict a staggering surge in
chargeback volumes, expected to reach 337 million by 2026, reflecting a
substantial escalation of 42% from the levels recorded in 2023.
Gabriel de Montessus, the EVP of Global Enterprise at Worldpay,
said: “We’re pleased to bring this solution to the market in partnership with
Mastercard to deliver more value and innovation to our clients."
Meanwhile, Network
International, a key player in digital transactions across the Middle East and
Africa, extended Mastercard's Brighterion fraud prevention solution to
over 60,000 merchants. Utilizing artificial intelligence, this collaboration
aims to enhance transaction security and promote industry growth through robust
fraud prevention and monitoring services, safeguarding merchants and customers
from escalating fraudulent risks.
A $1.6 Billion Shield against Fraudulent Chargebacks
Mastercard's proprietary data underscores the efficacy of
Ethoca Alerts in curbing fraudulent chargeback claims. Between 2022 and 2023,
the implementation of Ethoca Alerts was credited with averting an estimated $1.6
billion in losses stemming from fraudulent chargebacks. This substantial figure
underscored the tangible benefits and efficacy of proactive dispute resolution
mechanisms in safeguarding merchants' financial interests.
Johan Gerber, the EVP of Cyber and Intelligence at Mastercard, said:
“This partnership with Worldpay extends our powerful technology to even more
merchants around the world, reducing fraud.”
Worldpay has announced its collaboration with Mastercard to
integrate Ethoca Alerts into its services. This move is anticipated to equip
over one million merchants associated with Worldpay with enhanced capabilities
to swiftly address transaction disputes, thereby mitigating the risks
associated with chargebacks.
Preempting Disputes across Payment Brands
Ethoca Alerts, a proactive solution offered by Mastercard,
functions seamlessly across various payment brands, furnishing a preemptive
system to intercept potential disputes before it escalates to chargebacks.
This mechanism facilitates the speedy resolution of transaction discrepancies and bolsters merchants' defenses against financial losses attributable to
fraudulent activities.
The proliferation of chargeback incidents poses a
significant challenge for merchants, underscoring the urgency for robust
preventive measures. Industry forecasts predict a staggering surge in
chargeback volumes, expected to reach 337 million by 2026, reflecting a
substantial escalation of 42% from the levels recorded in 2023.
Gabriel de Montessus, the EVP of Global Enterprise at Worldpay,
said: “We’re pleased to bring this solution to the market in partnership with
Mastercard to deliver more value and innovation to our clients."
Meanwhile, Network
International, a key player in digital transactions across the Middle East and
Africa, extended Mastercard's Brighterion fraud prevention solution to
over 60,000 merchants. Utilizing artificial intelligence, this collaboration
aims to enhance transaction security and promote industry growth through robust
fraud prevention and monitoring services, safeguarding merchants and customers
from escalating fraudulent risks.
A $1.6 Billion Shield against Fraudulent Chargebacks
Mastercard's proprietary data underscores the efficacy of
Ethoca Alerts in curbing fraudulent chargeback claims. Between 2022 and 2023,
the implementation of Ethoca Alerts was credited with averting an estimated $1.6
billion in losses stemming from fraudulent chargebacks. This substantial figure
underscored the tangible benefits and efficacy of proactive dispute resolution
mechanisms in safeguarding merchants' financial interests.
Johan Gerber, the EVP of Cyber and Intelligence at Mastercard, said:
“This partnership with Worldpay extends our powerful technology to even more
merchants around the world, reducing fraud.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!