Ekata by Mastercard vs. RapidVerify

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ekata
Score 8.6 out of 10
N/A
Ekata, a former part of the Whitepages company, and now a Mastercard company since the April 2021 acquistion, offers identity verification, data validation, and data enrichment services based on the Ekata Identity Engine (EIE), a machine learning based system used to derive links from real-time transactions within the company's proprietary network and data licenses. The service includes address and phone number validation APIs, among other services.N/A
RapidVerify
Score 8.5 out of 10
N/A
RapidVerify is a no-code solution designed for real-time identity and income verification. Key features of this Software-as-a-Service (SaaS) platform include: Real-Time Verification: RapidVerify offers identity and income verification, streamlining the user verification process, to reduce the risk of fraud, and promoting trust and security in transactions. No-Code Interface: With a no-code interface, RapidVerify is designed…
$5
one-time fee
Pricing
Ekata by MastercardRapidVerify
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
EkataRapidVerify
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
User Ratings
Ekata by MastercardRapidVerify
Likelihood to Recommend
9.0
(1 ratings)
8.5
(3 ratings)
Usability
-
(0 ratings)
9.1
(1 ratings)
Support Rating
-
(0 ratings)
9.1
(2 ratings)
User Testimonials
Ekata by MastercardRapidVerify
Likelihood to Recommend
Mastercard
Fraud data analysis programming is available. Advanced backtracking studies, repartitions and possibility modelers, data collation and analysis of time sequences. It has artificial intelligence and automation to optimize the promptness and accuracy of the fraud discovery platform. they combine predictive analysis methods, which allows you to quickly discover possible imminences that endanger security.
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RapidVerify
Overall, I was very impressed with Rapid Verify's offering. The onboarding process was quick and easy. For us, the turnaround time in getting results was the biggest benefit. It would be nice if we could integrate this in our current software we use internally as this would prevent us from having to switch between platforms to get this done.
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Pros
Mastercard
  • Promises a comprehensive data approach, using evolved scanning so you can reveal dubious actions and patterns before they do harm
  • Prevents the attrition of income due to fraud, abuse and waste in cost and profit programs
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RapidVerify
  • Takes away the need to have parents and other people come in to do id scans.
  • Parents can now do this wherever they are at. Some parents have expressed its easier than having to wait to get this done like they have in the past.
  • We get a copy of the license that we can import directly into our current sofrware.
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Cons
Mastercard
  • The investigation of the effectiveness of the internal control system is a fundamental part of these commitments, this segment is the most responsible for the design, or if it does not fail, even if the software provides advanced tools.
  • The commitment cannot order as it was said previously only to the software; what is delegated is the command to exercise the commitment, which usually ends the ruling.
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RapidVerify
  • Since the verification came back as verified, we did not know what would happen if it failed, some examples or use cases published on their site would be helpful in this case.
  • A white paper explaining how this could satisfy I-9 requirements.
  • It would be nice if we could customize the verification report generated.
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Usability
Mastercard
No answers on this topic
RapidVerify
The user interface was pretty simple and not too complicated which made it easy to figure out how to use the platform. This is what made it appealing. Too many options can be distracting.
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Support Rating
Mastercard
No answers on this topic
RapidVerify
We usually have to wait days for a response from online vendors, but RapidVerify responded to our queries within a matter of hours which was very refreshing.
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Alternatives Considered
Mastercard
We have robust chargeback management software designed to quickly level out oddities based on a customer's first conduct to help us as a vulnerable business spot potential chargeback scams and revenue loss. It condescends to concentrate efforts on prevention instead of reaching sanctions and investigations and then falling into services to recover costs.
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RapidVerify
We asked our IT guy and he mentioned maybe we should try Plaid, but when looking at their offering, we would have had to get a developer to set everything up and it all seemed too complex for our needs. We are not a large company and we wanted something simple and easy to use. With RapidVerify, everything just worked.
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Return on Investment
Mastercard
  • Enterprise fraud detection software solution is customized
  • Allows users to check trading activities against known patterns and discover inconsistencies
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RapidVerify
  • Since we are a small center, not having to take away one of the two teachers to do this has allowed us to stay focused in our classrooms.
  • We really like having the photos so we can import into our daycare center software.
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ScreenShots

RapidVerify Screenshots

Screenshot of RapidVerify DashboardScreenshot of RapidVerify IntegrationsScreenshot of RapidVerify Create Verification Request