{"id":132947,"date":"2024-07-12T08:30:55","date_gmt":"2024-07-12T05:30:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132947"},"modified":"2024-07-11T18:10:31","modified_gmt":"2024-07-11T15:10:31","slug":"mastercard-partners-with-alchemy-pay-to-boost-security-and-fight-fraud","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/mastercard-partners-with-alchemy-pay-to-boost-security-and-fight-fraud\/","title":{"rendered":"Mastercard Partners with Alchemy Pay to Boost Security and Fight Fraud"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/xinwen.alchemypay.org\/news-and-press\/alchemy-pay-partners-with-mastercard-to-streamline-account-opening-reduce-fraud\/\" target=\"_blank\">collaboration<\/a><\/strong> aims to tackle identity fraud and other malicious activities by using advanced machine learning to detect and authenticate genuine users, significantly reducing fraudulent activities.<\/p>\n<p>Alchemy Pay, a Singapore-based crypto payment gateway, connects crypto with traditional fiat currencies. The integration with Mastercard allows Alchemy Pay to identify users based on their risk levels and guide them through appropriate workflows, offering customers increased protection against identity fraud.<\/p>\n<p>Since its inception in 2017, Alchemy Pay has grown significantly, obtaining Authorized Payment Institution licenses in multiple countries and expanding its network to over 300 payment channels in 173 countries.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/israel-delays-cbdc-launch-pending-eu-decision-on-digital-euro\/\" title=\"Israel Delays CBDC Launch Pending EU Decision on Digital Euro\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/08\/Israel-cash-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Israel Delays CBDC Launch Pending EU Decision on Digital Euro<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>It supports 50 fiat currencies and a range of global payment methods. In April 2023, Alchemy Pay secured a $10 million investment from DWF Labs at a $400 million valuation.<\/p>\n<p>Additionally, Mastercard partnered with major US banks to develop distributed ledger technology for banking payments, further enhancing cross-border payment efficiency and reducing fraud risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mastercard has integrated its account opening API with Alchemy Pay, enhancing security and risk control features for Alchemy Pay\u2019s On &#038; Off-ramp solutions, NFT Checkout, and Crypto Card Solution.<\/p>\n","protected":false},"author":3,"featured_media":38338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23,28],"tags":[],"class_list":["post-132947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mastercard Partners with Alchemy Pay to Boost Security and Fight Fraud<\/title>\n<meta name=\"description\" content=\"Mastercard has integrated its account opening API with Alchemy Pay, enhancing security and risk control features for Alchemy Pay\u2019s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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