Rippleshot to Present at FinovateSpring 2014 to Highlight Big Data Fraud Prevention for Banking and Merchants

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Rippleshot

Apr 17, 2014, 03:00 ET

Chicago, IL (PRWEB) April 17, 2014 -- Rippleshot, a cloud-based big-data analytics software company that detects data breaches sooner by monitoring merchants and the payment network, has been selected as one of over 70 innovators to demo at FinovateSpring 2014 on April 29th and 30th in San Jose, California.

"Rippleshot's innovation to stop fraud will complement existing cybersecurity and enterprise fraud solutions thereby safeguarding the payment ecosystem for banks and their customers. In light of recent massive data breaches, we're very excited to have Rippleshot debut their technology at FinovateSpring 2014," said Eric Mattson, CEO of Finovate.

At FinovateSpring 2014, the Rippleshot team will debut their technology that monitors millions of merchants and their transactions to detect data breaches and stop card fraud sooner. Rippleshot will demonstrate how their solution allows card issuers to:

  • Monitor their network at-a-glance with interactive visualizations of compromised points of purchase
  • Triage fraud occurrences using decision rules to decline or reissue cards
  • Generate automated and on-demand fraud history and status reports

This proactive cloud-­based solution by Rippleshot can be quickly deployed to empower risk managers to actively detect data breaches, systematically analyze patterns and decidedly stop fraud losses. Merchants using Rippleshot’s tools to monitor stores receive compromise alerts that safeguard their brand reputation and the consumer payment experience, 24 hours a day, 7 days a week.

“Our team saw a gap in the traditional consumer and enterprise fraud methods that focused on siloed information. We wanted to provide banks a complete picture of what happens to their customers using a fraud detecting machine learning algorithm that actively detects data breaches and can stop fraud before it occurs,” said Canh Tran, CEO of Rippleshot.

About FinovateSpring:

FinovateSpring is a demo ­based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Jose, the event offers an insight ­packed glimpse of the future of money via a fast­ paced, intimate, and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.

About Rippleshot:

Rippleshot monitors millions of merchants and their transactions to detect data breaches and help stop card fraud sooner. Rippleshot’s technology complements existing fraud detection processes and is simple to set up with our cloud-­based platform. Rippleshot searches through millions of merchant POS terminals and their transactions to pinpoint subtle patterns that indicate the early stages of a data breach. This allows banks and merchants more time to protect card owners and react to fraudulent activities. For more information or to request to see a demo, email us at zach(at)rippleshot(dot)com or call us 1 (888) 407­3025. Find out more at http://www.rippleshot.com.

Zach Walker, Rippleshot, +1 (888) 407-3025, [email protected]