Simply put, card fraud shouldn’t be something you have to shoulder alone. It’s complex, labor-intensive and ever-changing – and it’s certainly harder when you’re on your own. We’re in this fight together, so we’ve made a collaborative tool to actually fight fraud together – with data.
In our over 40 years of combined experience identifying and mitigating card fraud, we’ve seen the problem grow from a transaction-level headache to a weekly news headline. In 2013, we came together to change the fight against fraud by creating Rippleshot. We take a big-data machine learning approach that is familiar to search, genetics, and advertising and apply it in a novel way for the payment processing industry, helping banks, merchants, and processors to proactively monitor suspicious fraudulent activity and implement smarter fraud risk management strategies when card compromises do occur.
Our team is committed to our mission of making people feel secure about the financial information they’re using, storing or transacting with. We’re actively involved in the fraud community, as members of the International Association for Financial Crime Investigators (IAFCI) as well as the Federal Reserve’s Secure Payments Task Force.