The True Cost of Fraud to Zero

Ron Hynes, the CEO of Vesta is our special guest this week on episode 94 of the Leaders in Payments podcast. 

Ron lives in Connecticut and was born and raised in Maine. He’s married and has three kids, two in college and one that just graduated from high school and one little dog to round out the family. 

Vesta uses advanced machine learning to access the validity of card-not-present transactions. They provide their customers a “thumbs up” if the transaction is good and obviously identify the fraudulent ones. 

The company has been around for 25 years and has 300 employees. The company has locations across the U.S. and Dublin Ireland, Mexico City as well as an office in Singapore. 

Ron and I have a great discussion about fraud in general as well as fraud in developing countries. We also talk about his passion for financial inclusion stemming from his journey in payments with Chase and Mastercard.