Rippleshot, a provider of proactive fraud detection and prevention solutions to payment processors and financial institutions, announced today a partnership with Flashpoint, the globally trusted leader in actionable intelligence, to pair Rippleshot’s compromised and high-risk merchant data and insights with Flashpoint’s Payment and Credit Card Fraud Mitigation solution.
Rippleshot’s cloud-based solution, which is equipped with features such as AI/ML, automation, and data-driven strategies, uses a data consortium of over 4,500 financial institutions and is updated daily. Financial institutions may use Rippleshot’s precise data and solutions to improve their existing fraud prevention methods, detecting compromised cards, data breaches, and high-risk merchants while saving time and costs.
Card Fraud Mitigation from Flashpoint assists fraud teams in detecting compromised credit cards from criminal communities and data breaches, as well as identifying high-risk merchants before fraudulent transactions occur or multiply. Rippleshot enhances Flashpoint’s ability to identify stolen cards as well as particular businesses that have been hacked. This enables financial institutions and card issuers to detect card fraud more proactively, identify prospective card fraud victims and problematic merchants, and reduce fraud loss.
“Flashpoint is a market leader in delivering intelligence that provides a detailed view into what cybercriminals in illicit communities are seeing,”
“By pairing that with Rippleshot’s compromised and high-risk merchant data, this partnership will equip the industry with unparalleled financial intelligence to react much more quickly to instances of verified card fraud and proactively stop further damage from fraudsters.”
Canh Tran, Co-founder, and CEO, Rippleshot.
“Common Point of Purchase (CPP) analysis is a notoriously complex process for fraud teams,”
“The integration of Rippleshot’s high-risk merchant data into our platform increases the speed and scale of identifying potential fraud across CPP. This means teams have the analysis, across multiple financial institutions, completed for them so they can focus on preventing fraud from occurring.”
Matt Howell, SVP of Product at Flashpoint.