Rippleshot Blog

Rippleshot Raises $2.6 Million in Latest Funding Round

Posted by Kaleigh Simmons on Feb 8, 2017 8:00:00 AM

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 Jul 6, 2016 4:35:59 PM

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

ABA Endorses Rippleshot's Automated Card Compromise Detection Platform

Posted by Kaleigh Simmons on Jun 22, 2016 8:57:54 AM

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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 Jun 15, 2016 2:57:00 PM

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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 Dec 8, 2015 5:00:00 AM

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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 Aug 10, 2015 11:53:12 AM

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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 Apr 22, 2015 2:04:00 PM

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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 Apr 1, 2015 8:21:00 AM

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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 Mar 24, 2015 1:00:00 PM

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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 Mar 20, 2015 1:04:00 PM

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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

Rippleshot Named FinTech Forward Company to Watch by American Banker and BAI

Posted by Kaleigh Simmons on Nov 13, 2014 11:56:00 AM

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We are very excited to announce that Rippleshot has been named one of ten up-and-coming financial technology solutions providers by American Banker and BAI.

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Topics: Rippleshot News

Rippleshot Named Up-and-Comer at Chicago Innovation Awards

Posted by Kaleigh Simmons on Oct 31, 2014 10:03:00 AM

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We're thrilled to announce that out of 552 nominees, Rippleshot was chosen as one of ten "Up-and-Comer" winners at this year's Chicago Innovations Awards, held last night at the Harris Theater with nearly 1500 business and civic leaders attending.

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Topics: Rippleshot News

Rippleshot Community Makes its Debut at FinovateFall 2014

Posted by Kaleigh Simmons on Oct 9, 2014 4:15:00 AM

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It’s been nearly one full year since Target lost 40 million bank cards to hackers, and credit card breaches continue to plague the financial industry. At FinovateSpring, Rippleshot debuted its comprehensive set of tools for large issuers to combat data breaches, but this fall the team set its eyes on designing a tool specifically for regional banks and credit unions - Rippleshot Community.

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Topics: Rippleshot News

Rippleshot to Debut Technology at FinovateSpring 2014

Posted by Zach Walker on Apr 17, 2014 8:15:00 AM

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Rippleshot, a cloud-based big-data analytics software company that detects data breaches sooner by monitoring merchants and the payment network, has been selected as one of over 70 innovators to demo at FinovateSpring 2014 on April 29th and 30th in San Jose, California.

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Topics: Rippleshot News