New Mastercard Fraud Solution Designed To Help Merchants Validate IDs

Mastercard announced Wednesday a fraud solution developed with fraud platform Ravelin using digital identity verification capabilities from Ekata and real-time fraud insights from Ethoca. Online grocery orders rose by over 50% during the pandemic and are expected to rise more this year, Mastercard said, and as people open new accounts and make faster purchases, "merchants are challenged to verify identities and manage evolving fraud threats in real time,” it said. The solution is designed to help merchants validate a consumer’s identity without adding friction to the process, it said.