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Credit card disputes at Visa continued rising past their pandemic boom despite the proliferation of prevention software, as fraud grows alongside e-commerce and inflation. Disputes on Visa’s network rose to more than 90m in 2022, up from 70m in 2019.
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Listed companies trying to stamp out credit card fraud, like Riskified Ltd., stand to benefit. The Tel Aviv-based company works with brands like Prada SpA, GoPro Inc., and Peloton Interactive Inc. and is expected to increase revenue by about 15% this year. Venture capital has also taken note — Justt raised $70 million in several rounds in 2021.
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