Equifax plans to increase its fraud prevention capabilities with the acquisition of Midigator

Equifax has announced its intention to acquire payment dispute expert Midigator for an undisclosed amount.

A provider of post-transaction fraud mitigation solutions, Midigator offers a multi-layered approach to preventing chargebacks.

The acquisition, which will see Midigator become part of Equifax’s USIS business unit, is expected to strengthen the company’s foothold in the digital identity and fraud prevention solutions market.

Notably, Midigator’s automated, data-driven technology platform streamlines the dispute response process, in addition to providing real-time insight into the underlying reasons for chargebacks.

The platform will complement Equifax’s global AI-powered Kount Identity Trust Network, which connects trust and fraud data signals from various digital interactions occurring from various devices in different countries and territories. .

“The acquisition of Midigator will further expand our digital identity network for current and potential customers while enabling new forms of online commerce engagement,” said Sid Singh, president of United States Information Solutions. (USIS) at Equifax.

“We are seeing strong demand from customers and partners for digital identity and fraud prevention solutions that encompass the entire customer journey, particularly around the desire to mitigate and manage issues. post trade.”

“Many organizations are in markets that were not prone to friendly fraud before. Now they are. By combining our pre-authorization and preventative protection capabilities of Kount with the complementary intelligent post-authorization and automated chargeback technologies of Midigator, we will be able to deliver a complete solution that enhances the customer experience while helping businesses protect and recover their income,” Singh added.

The agreement to acquire Equifax-Midigator is expected to close during the third quarter of the current fiscal year.