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Consumer credit bureau Equifax plans to acquire Midigator, a post-transaction fraud mitigation solution provider.
Equifax Acquires Midigator
The terms have not been disclosed, but the company says the deal will expand Equifax’s global footprint in digital identity and fraud prevention.
Seeing increasing disputes and chargebacks amid a surge in the $ 5.5 trillion global e-commerce market, Equifax launches Midigator’s automated data-driven chargeback management solution on the Kount Identity Trust global network to prevent fraud. I think it will complement.
Once the transaction is complete, Midigator will become part of the Equifax United States Information Solutions (USIS) business unit. This business unit leverages artificial intelligence to link billions of digital data points around the world.
Sid Singh, President of USIS at Equifax, said: Now they are.
We see strong demand from clients and partners for digital identity and fraud prevention solutions that cover the entire customer journey, especially with a desire to mitigate and manage post-transaction issues, adds Singh.
Midigator’s technology platform automates the chargeback dispute resolution process and provides enterprises with real-time data on why chargebacks occur.
Since its inception in 2013, Midigator claims to have prevented more than 2.7 million chargebacks.
