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Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud
Thursday 14 March 2019

14 March 2019 - New York, US-based payments technology company Mastercard (NYSE: MA) has agreed to acquire Canada-based collaboration-based technology provider Ethoca to reduce digital commerce fraud, the company said.

Terms of the agreement were not disclosed and the transaction is anticipated to close in the second quarter of 2019.

The Ethoca suite of products adds to Mastercard's commitment to drive greater protection in the digital space, integrating with its robust suite of fraud management and security products.

Mastercard said it intends to further scale these capabilities and combine Ethoca with its current security activities, data insights and artificial intelligence solutions to help merchants and card issuers more easily identify and stop potentially fraudulent purchases and false declines.

Mastercard (NYSE: MA) offers global a payments processing network that connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. 

Ethoca is a global provider of technology solutions that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce.

Its suite of services delivers significant revenue growth and cost saving opportunities to more than 5,400 merchants in 40+ countries and more than 4,000 card issuers in 20+ countries.
Details
Date Published: 14/03/2019
Target: Ethoca
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Mastercard,  
Comment:
Terms of the deal were not disclosed

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