Equifax and Mastercard Unite to Combat Latin America’s High Payment Fraud Rates
Wednesday, December 11, 2024
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Posted by: Sierra Lindemann
With Latin American merchants losing up to 4.6% of e-commerce revenue to payment fraud, Equifax and Mastercard are rolling out advanced tools like Mastercard Identity and Ethoca Alerts through Equifax’s Kount Payment Fraud solution. The collaboration aims to protect the region’s rapidly growing $160 billion e-commerce market by combining real-time fraud prevention with chargeback reduction to secure the digital payments ecosystem.
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