• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

Your Source for Canadian Fintech News

 
 
 
  • News
  • Interviews
  • Thought Leaders
  • Jobs
  • About

Mastercard Acquires Toronto-based Fintech Ethoca

April 15, 2019 by Fintech Newsdesk Leave a Comment

Mastercard is acquiring  Ethoca, a Toronto-based fintech company that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce.

Today, the Ethoca network brings together more than 5,000 merchants and 4,000 financial institutions around the world.

When a fraudulent transaction is identified, near real-time information is sent to the merchant so they can confirm the transaction, stop delivery or reverse the transaction to avoid the chargeback process.

As a result, both merchants and card issuers benefit from lower operational costs by reducing fraud at the source.

Mastercard intends to further scale these capabilities and combine Ethoca with its current security activities, data insights and artificial intelligence solutions to help merchants and card issuers more easily identify and stop potentially fraudulent purchases and false declines.

Terms of the agreement were not disclosed and the transaction is anticipated to close in the second quarter of 2019.

Filed Under: News Tagged With: Ethoca, Mastercard

 
 
 

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 
 

Email Newsletter

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Founding Sponsors

Recent Posts

  • Interac Expands Access for Financial Institutions, Welcomes Wealthsimple as New e-Transfer Participant
  • Square Adds Tap to Pay on Android to Payment Options in Canada
  • Report Finds Friction in Fintech as Hesitancy Lingers Around AI Adoption
  • Expert Wisdom on the State of Financial Technology in Canada
  • Luge Capital Announces $71 Million First Close of Second Fund, Aiming for $100 Million Fund

Copyright © 2023 Incubate Ventures | Techtalent.ca · Techcouver.com · Calgary.tech · Decoder.ca · | Privacy