A word with Brian Kaas
“Leveraging new technology, like Rippleshot has developed, will make it easier to detect and prevent payment fraud in a way that will protect members and strengthen credit unions for the long term” – CMFG Ventures president and managing director Brian Kaas explains the ‘why’ behind his firm’s latest investment. Rippleshot is a Chicago-based 4-year-old startup that provides a fraud-detection software to help banks, credit unions and credit card processors detect data breaches and fraud. It now has $2.6 million in its back pocket. Fun Fact: The value of fraudulent online transactions will balloon from $10.7 billion in 2015 to $25.6 billion in 2020, according to some. Bottom Line: Coverager can relate as it just had its business credit card stolen.