Mastercard Expands Partnership With Vesta to Secure E-Commerce Transactions - Fintech Singapore

Mastercard Expands Partnership With Vesta to Secure E-Commerce Transactions – Fintech Singapore

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Mastercard has expanded its partnership with end-to-end payment fraud protection platform Vesta in a bid to protect e-commerce transactions from fraud.

The payments firm will be integrating Vesta’s Payment Guarantee™ and Payment Protect risk scoring solution into its Mastercard Payment Gateway Services (MGPS) platform.

With Vesta Payment Guarantee™, transactions are 100% guaranteed against fraud. This means that if a fraudulent order approved by Vesta’s rigorous risk scoring engine makes it through the checkout process, Vesta said that it will absorb the full cost of the transaction.

Starting in the second half of 2023, MPGS customers in the Asia Pacific region will be given optional access to both fraud fighting solutions which would offer total protection for their e-commerce transactions.

MPGS is an omnichannel payments platform that enables merchants to easily accept a payment from anywhere in the world.

It has more than 200 global acquirer connections, and the ability to seamlessly process payments in 170+ currencies across 30+ payment methods online, in-person or in-app.

Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific at Mastercard

Sandeep Malhotra

“To provide MPGS customers with the toughest, most impenetrable fraud protection available, Mastercard is committed to nurturing strategic partnerships with the most trusted service providers in the payments, technology and security industries – like Vesta.”

said Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard.

Shabab Muhaddes

Shabab Muhaddes

“Our promise: Every approved transaction is covered by Vesta’s 100% fraud chargeback guarantee. If we’re wrong, it’s on us.

We are excited to enable all MPGS customers and their businesses to focus on what matters – growing sales without the fear of fraud,”

said Shabab Muhaddes, SVP and GM APAC for Vesta.

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