Mastercard Extends Fraud Detection Tools to Stablecoin Payments
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Mastercard unveiled an API-based tool at Money20/20 to identify risks in stablecoin payments before funds move on-chain.
Mastercard introduced a tool for screening stablecoin payments at Money20/20, bringing its fraud-detection capabilities to blockchain-based transfers.
The API-based offering draws on both payment data and blockchain intelligence to assess potential risks ahead of an on-chain transaction.
The screening is designed to flag suspected fraud, scams and exposure to sanctioned entities before funds are transferred, rather than identify those risks only after a payment has taken place.
Source: Decrypt
