Rippleshot Blog

Rippleshot Raises $2.6 Million in Latest Funding Round

Posted by Kaleigh Simmons on 8, Feb, 17

Company also announces addition of payments industry veteran Gloria Colgan to its Advisory Board

CHICAGO, February 8, 2017 - Rippleshot, a Chicago-based fraud analytics firm, today announced it has raised $2.6 million in its latest round of funding. KDWC, a Chicago-based venture capital firm led the group of notable investors, including CMFG Ventures, the venture capital entity of CUNA Mutual Group.

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Topics: Rippleshot News

A Timeline of Fraud: 2015-2016

Posted by Sid Khaitan on 6, Jul, 16

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The landscape of fraud between 2015 to 2016 is best characterized as uncertain and dynamic. As government institutions such as the CFPB and FFIEC begin to play a bigger role in cybersecurity regulation, it has yet to be seen what data security protocols will be required of financial institutions. Also, pending legislation in Congress surrounding data security has the potential to determine federal standards of information security for merchants. Finally, with back-and-forth lawsuits between retailers, payment card networks, and issuers over disputes regarding EMV compliance and liability shift, nobody is exactly sure who will come out on top.


At Rippleshot, we understand how difficult it can be to juggle so many moving parts and develop actionable insights from them. That’s why we created a timeline for you to get up to speed on recent developments in card fraud and payments security.

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Topics: Compromises, Industry News, Rippleshot News, Lawsuits, Data Breach Legislation, EMV, Fraud, Cybersecurity, Regulation

ABA Endorses Rippleshot's Automated Card Compromise Detection Platform

Posted by Kaleigh Simmons on 22, Jun, 16

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ABA Endorses Rippleshot’s Automated Card Compromise Detection Platform

Leading banking organization recommends Rippleshot technology for U.S. banks

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Topics: Rippleshot News

The Data Security Act of 2015- What does it mean for banks and merchants?

Posted by Sid Khaitan on 15, Jun, 16

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A fiery debate has resurfaced between financial institutions, merchants, and consumer groups regarding the Data Security Act of 2015. The bipartisan bill introduced to Congress as H.R. 2205 by Representatives Randy Neugebauer and John Carney on May 1st, 2015 explicitly states two purposes: “to establish strong and uniform national data security and breach notification standards for electronic data” and “to expressly preempt any related State laws in order to provide the Federal Trade commission with authority to enforce such standards for entities covered under this Act.”

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Topics: Industry News, Rippleshot News, Lawsuits, Data Breach Legislation, EMV, Fraud, Cybersecurity

Rippleshot Raises $1.2 Million and Adds Jason Henrichs to Advisory Board

Posted by Kaleigh Simmons on 8, Dec, 15

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CHICAGO, December 7, 2015 - Rippleshot, a Chicago-based fraud analytics firm, today announced that it has raised $1.2 million in a bridge round of funding, led by KGC Capital. Other investors include leading financial institutions UMB Bank and Wintrust and FinTech accelerator, SixThirty.

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Topics: Rippleshot News

BBVA Open Talent & ITA Announcement

Posted by Zach Walker on 10, Aug, 15

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Rippleshot Selected as Finalist in BBVA Open Talent 2015 Competition & ITA CityLIGHTS Awards

Nominations recognize most disruptive and innovative companies in FinTech and Chicago

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Topics: Rippleshot News

Rippleshot Joins SixThirty FinTech Accelerator

Posted by Zach Walker on 22, Apr, 15

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Rippleshot, a fraud protection company, is excited to announce its partnership with St. Louis-based FinTech accelerator, SixThirty in its Spring 2015 Cohort.

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Topics: Rippleshot News

Rippleshot Takes Home Best Innovative Emerging Technology Award At Merchant Risk Council Conference

Posted by Zach Walker on 1, Apr, 15

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On March 26, Rippleshot and two other innovative companies competed for the Merchant Risk Council's annual 2015 MRC Emerging Technology Awards (METAwards).

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Topics: Rippleshot News

Rippleshot Joins Fellow Chicago Innovation Award Winners to Ring The Nasdaq Closing Bell

Posted by Kaleigh Simmons on 24, Mar, 15

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On Monday, Rippleshot joined the Chicago Innovation Awards team and fellow 2014 winners in New York City to ring the Closing Bell at the Nasdaq Stock Market.

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Topics: Rippleshot News

Rippleshot Announces Participation In Plug and Play’s FinTech Accelerator Program

Posted by Zach Walker on 20, Mar, 15

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Rippleshot, a fraud protection company, was selected out of 850 startup applicants by key anchor partners including CapitalOne, CitiBank/Citi Ventures, and USAA to participate in Plug and Play’s 12 week FinTech accelerator program.

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Topics: Rippleshot News