Mastercard Acquires Ethoca

Mastercard, the technology company in the global payments industry, is to acquire Ethoca, a Toronto, Ontario, Canada-based global provider of technology solutions for merchants and card issuers to collaborate in real-time to quickly identify and resolve fraud in digital commerce.

Led by Andre Edelbrock, CEO, Ethoca is a global provider of collaboration-based technology that enables card issuers, ecommerce merchants and online businesses to increase card acceptance, stop more fraud, recover lost revenue and eliminate chargebacks from both fraud and customer service disputes.

Source: Finsmes. Full article here