Mastercard and Worldpay Join Forces to Fight Payment Fraud Globally
Thursday, March 28, 2024
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Posted by: Sierra Lindemann
Mastercard and Worldpay have joined forces to streamline the transaction dispute resolution process, aiming to significantly reduce chargebacks for merchants. Worldpay will integrate Mastercard's Ethoca Alerts, an early warning system, into its services for its global network of 1 million merchants. This collaboration not only helps prevent disputes from escalating into chargebacks but also enhances authorization rates, ensuring smoother transactions for Worldpay's $2.3 trillion total processed transactions.
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