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Alchemy Pay, a leading fiat-crypto payment gateway, has forged a strategic partnership with Mastercard. This partnership will enhance account opening processes and bolster security against fraud. This collaboration integrates Mastercard’s identity verification solutions. It also aims at ensuring the authenticity of users during registration and application processes.
Level up security with @Mastercard!
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 11, 2024
Together with #Mastercard, #AlchemyPay can better verify authentic genuine users and prevent potential fraud during account application, all while making registration a seamless experience.
This means a smooth signup process for you, and a… pic.twitter.com/mY2yE7aPP9
Mastercard API Integration Boosts Alchemy Pay’s Security
Specifically, Alchemy Pay plans to integrate Mastercard’s enhanced account opening API with an idea to improve the identification of users. Moreover, it strengthens risk management systems. It means that the security of the entire platform will be raised. The identity solutions to defend the company introduces the new powerful machine learning algorithms and risk analysis to identify new accounts and flag or filter out all fraudulent activities starting from the initial account creation period of Mastercard.
Mastercard technology has been integrated with this Alchemy Pay’s multiple products and volumes, On & Off-ramp, NFT Checkout, and Crypto Card Solution. These measures will also help to increase the level of security against identity theft and any malicious intent. This partnership will also support Alchemy Pay’s customers and their payment services around the world.
Currently, Alchemy Pay for the extended ramp payment network that comprises of 300 plus payment gateways across 173 countries. It is also compatible with over fifty fiat money. This solid framework supports Alchemy Pay’s vision of integrating more fiat payment options to the crypto and Web3 domains. It supports various kinds of international payment options, including country-specific mobile money, bank transfers, and many more.
Alchemy Pay Aims to Connect Crypto and Financial Systems
Having a strong background in traditional finance and fintech, Alchemy Pay obtains the Authorized Payment Institution licenses in the United States, Canada, Indonesia, Lithuania, and the United Kingdom. These sets the ground regulation at Alchemy Pay as the market pioneers in the crypto payment space and constant regard for compliance and business operations.
Similarly, based in Singapore, Alchemy Pay was established in 2017 and remains quite active in the role of connecting the crypto finance to financial systems. Taking into consideration its On & Off-Ramp services, Crypto Card, and NFT Checkout, and all the others, it becomes a reliable ally for businesses, developers and users worldwide to navigate this constantly changing world of payments.