Ethoca Alerts works across payment brands, providing an early warning system that helps prevent a dispute from becoming a chargeback and reduce potential financial losses due to fraud.
Chargebacks are a growing issue for merchants, with industry-wide chargeback volumes expected to reach 337 million by 2026, a 42% increase from 2023 levels.
Mastercard claims that between 2022 and 2023 Ethoca Alerts enabled the prevention of $1.6 billion in fraud due to chargebacks.
Johan Gerber, EVP, cyber and intelligence, Mastercard, says: “This partnership with Worldpay extends our powerful technology to even more merchants around the world, reducing fraud.”
Gabriel de Montessus, EVP, global enterprise, Worldpay, adds: “We’re pleased to bring this solution to the market in partnership with Mastercard to deliver more value and innovation to our clients.”
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