Before Kipp, banks and merchants had to choose between fraud prevention or credit risk over customer satisfaction and revenue.
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“As a global card network, MasterCard is always eager to discover new technologies that enhance the customer payment experience, and we put a lot of effort into finding solutions that increase the approval rates and prevent unnecessary declines.” CTECH
Sydney Gottesman, CEO MasterCard and Enel X FinSec Lab
“Fraugster will provide issuers using Kipp’s platform with additional data points, in real time, so they have the confidence to approve more transactions. The partnership is focussed on increasing final approval rates for merchants, by allowing merchants to participate in the cost of risk to save a transaction.”
Christian Mangold, CEO, Fraugster