Alchemy Pay has joined forces with Mastercard to refine account opening workflows and tackle the issue of fraud.
In Brief
In a significant collaboration, Alchemy Pay has integrated its account registration API with Mastercard's system to make the signup process more efficient and enhance fraud detection.
As a provider of cryptocurrency payment solutions, Alchemy Pay Alchemy Pay has announced a collaborative effort with a renowned payment card services company. Mastercard This partnership will integrate their account opening API to create a more efficient registration process while improving the capability to detect fraudulent activities, thereby strengthening security measures.
The Mastercard API designed for account openings seeks to enhance the onboarding experience for customers and minimize any potential barriers, all while bolstering fraud protection strategies. This tool is tailored specifically for e-commerce businesses, marketplaces, and financial services.
Leveraging advanced machine learning algorithms, this API helps businesses identify legitimate users and spot any malicious actors during their application processes. This functionality will empower Alchemy Pay to assess users based on their risk levels and efficiently guide them through the necessary workflows.
Moreover, the integration will enhance identity verification and threat management functionalities across the entire Alchemy Pay suite, which includes on- and off-ramp solutions, NFT checkout options, and their crypto card offerings. This initiative aims to offer customers fortified security measures, thereby fostering a safer user experience with Alchemy Pay.
Alchemy Pay is broadening its global footprint and enhancing crypto integration through its partnership with Bitget.
Alchemy Pay This partnership offers a diverse range of services and leverages expertise in cryptocurrency payments. forge partnerships with numerous blockchains Alchemy Pay collaborates with various platforms such as Polygon, TON, Avalanche, ICP, Neo, Arbitrum, Binance Pay, OKX, Bitget, and Lido, among others.
Currently, Alchemy Pay's ramp network boasts over 300 payment channels across 173 countries, enabling transactions in more than 50 fiat currencies. Additionally, Alchemy Pay provides global settlement methods that everyday consumers frequently utilize, alongside regional mobile wallets and local bank transfers preferred by users depending on their geographical location.
Recently, Alchemy Pay partnered with a cryptocurrency exchange Bitget to incorporate the local Polish payment provider BLIK into the Bitget platform. Through this integration, users can effortlessly and securely make crypto-to-crypto deposits using the Polish currency, Zloty (PLN).
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