Brighterion, a Mastercard company, has entered into a partnership payments processor Elavon to combat payment card fraud.

The partnership will see the integration of Brighterion’s advanced artificial intelligence (AI) platform into Elavon’s network.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The integration will enable Elavon to further strengthen its capabilities to detect transaction anomalies. The move is expected to reduce fraud risks as well as maintain the integrity of Elavon’s global systems.

Elavon senior vice-president of global credit and risk Tim Miller said: “The increasing sophistication of fraudsters demands smarter, more nimble and innovative fraud tools that allow us to stay one step ahead.

“We look forward to bringing the strength and flexibility of Brighterion’s AI platform to our fight against fraud.”

Both the companies will work to incorporate the fraud monitoring into merchant systems across the US, Europe and Latin America.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mastercard president of cyber & intelligence Ajay Bhalla said: “The explosion of ecommerce has been matched with a rise in digital fraud.

“AI has proven itself critical in managing the complexities of today’s evolving world. We’re pleased to collaborate with Elavon as they take a leadership role in fighting fraud in the industry.”

Founded in 2000, Brighterion was acquired by Mastercard in 2017. It delivers an AI and machine learning platform to offer real-time mission critical intelligence from any data source.

Currently, it serves more than 2,000 customers globally analysing around 100 billion transactions annually.