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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.
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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