Tracy Metzger: There is a need today to go out and find a consolidated way to leverage all of these different great technologies that are bespoke in their way of implementation. There is a need to find a way through a single point of interface, to leverage all of these great solutions, and make it easy
Tracy Metzger: Vesta processes anywhere from 300,000 to 500,000 transactions a day and up towards $18 billion in payments a year. We carry elements like their mobile devices and desktop devices. We know the operating systems, screen dimensions, their page viewing history on certain e-commerce websites, and their social reputation information where it’s applicable. There are
Tracy Metzger: Whether it’s mobile carriers when they’re doing prepaid businesses where credit card acceptance immediately fulfills minutes to a phone, or digital goods companies like e-ticketing, or software downloads, all these things have an after-market value. Those companies spend anywhere from 14% to 20% of their total SGNA on managing fraud. It’s a huge
There is a lot of fraud in online payments. This discussion explores the field, and Tracy also provides a pointer to a great open problem that an entrepreneur can look into. Sramana Mitra: Let’s start by introducing you and Vesta to our audience. Tracy Metzger: I’m the COO of Vesta. I’m a 25-year veteran of