The integration combines Feedzai’s fraud platform with Mastercard’s CFR solution, which has shown promising results in the UK market. According to the Payment Systems Regulator, the solution helped reduce authorized push payment (APP) scam values by over 12 percent since its 2023 implementation.
Feedzai’s platform monitors transactions by analyzing card purchases and real-time transfers while incorporating device intelligence, network data, and behavioral biometrics. The system uses artificial intelligence to identify and stop suspicious activity before losses occur. This capability extends Feedzai’s fraud prevention expertise, enhanced by its 2021 acquisition of behavioral biometrics company Revelock.
“With more than half the world’s population affected, the scale of scam fraud is not only having a devastating impact on consumers, but also surpassing the GDP of many individual economies,” said Johan Gerber, Executive Vice President and Head of Security Solutions at Mastercard. The partnership will help Mastercard extend its “first-of-its-kind scams solution to more markets, helping more financial institutions combat financial crime faster than before.”
The initiative supports Mastercard’s broader security strategy, including its goal to replace passwords with biometric authentication by 2030 and recent Identity Check program improvements. These developments reflect the growing adoption of behavioral biometrics by financial institutions to address rising digital payment fraud.
Nuno Sebastiao, CEO of Feedzai, highlighted the partnership’s importance: “The exponential growth in scams underscores the urgency for financial institutions to adopt AI-based, real-time solutions.” He added that Feedzai is “excited to be working together with Mastercard to help bring the proven value of its CFR score to new markets for the first time.”
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February 24, 2025 – by Ali Nassar-Smith
