February 21, 2017

Feedzai and Merchant Risk Council (MRC) Partner to Advance AI Capabilities to Fight Fraud

San Mateo, Calif. – Feb 21, 2017

SAN MATEO, Calif.–(BUSINESS WIRE)–Merchant Risk Council, the leading global trade association for ecommerce fraud and payments professionals, has today confirmed its selection of Feedzai as the headline sponsor for MRC Vegas 2018. The partnership signifies MRC’s commitment to spearhead solutions for the next generation of retail and risk by bringing together science and technology.

Consumers’ transactional preferences have been moving to online and blurring the lines between digital and traditional brick and mortar environments. With burgeoning data volume, it is imperative that merchant risk solutions adapt to new omnichannel approaches that self-adapt to changing behavior and patterns instead of relying on rigid pre-coded decision points.

“Making big moves that reduce risk profiles for merchants has always been the focus for MRC and the reason why we seek out partners like Feedzai,” said Danielle Nagao, CEO MRC. “It is our goal to deliver leading thought leadership programs that will educate and motivate risk professionals to prepare for what’s next.”

“When it comes to e-commerce, the MRC membership represents the best in terms of expertise and brainpower,” said Nuno Sebastiao, Feedzai’s co-founder and CEO. “Through Feedzai’s partnership with MRC, we’re very excited to be able to add our expertise in artificial intelligence to their ‘human’ knowledge pool.”

Feedzai’s technology is built using machine learning and artificial intelligence that adapts with the detection of new malicious threats at scale, helping business customers make data-backed decisions and de-risk commerce transactions in real-time. The innovative Whitebox Explanations™ is a human-friendly semantic layer that helps analysts make informed decisions confidently. Only Feedzai’s Segment of One™ profiling capability delivers the optimal customer experience while reducing friction when banking or shopping, in any channel or on any device.

As a bonus, for all the thought leaders and experts prepping for the Merchant Risk Council (MRC) events in Las Vegas (March 13-16, 2017) and London (April 24-26, 2017), Feedzai today announced it is supporting the events by providing exclusive Nike jackets to MRC speakers.

“We admire and respect all the thought leaders in our ecosystem, so we’re outfitting speakers with the official MRC speakers jacket,” said Loc Nguyen, CMO at Feedzai. “This exclusive item is our way of recognizing your contribution and for sharing your knowledge because, no matter what organization we’re coming from, we’re all gathering at MRC to keep commerce safe.”


About the MRC:
The MRC is a global trade association providing a platform for eCommerce fraud and payments professionals to come together and share information. As a not-for-profit entity, the MRC’s vision is to make commerce safe and profitable everywhere by offering proprietary education, training, events and networking opportunities as well as a forum for timely and relevant discussions. The MRC was launched in 2000 at the start of the eCommerce boom by a small group of industry professionals from leading consumer brands, with the ultimate goal of combating online fraud in the card-not-present space. Since its inception, the MRC has also added online payments to its portfolio, expanding its presence further into e-commerce. The MRC is headquartered in Seattle, WA and has an office in Dublin, Ireland.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]