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Chicago Innovation Award Winner

Rippleshot

Winner in: 2014
Winning Product: Cloud-based Data Tracking
Winner Category: Up-and-Comer Award
Industry: Business Services

Rippleshot’s cloud-based technology detects bank card data breaches, usually before card issuers or merchants have any idea. Rippleshot uses a big data approach in order to stop bank card breaches by focusing on merchant behavior instead of consumer behavior. By analyzing millions of credit and debit card transactions per day, Rippleshot can spot common shopping history in fraudulent cards, pinpointing where the data was stolen down to a particular store, on a particular day, and even the specific point-of-sale terminal. Rippleshot can stop more than half of the fraudulent spend from compromised cards, saving money for issuers and brand reputation for merchants.

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