Hassan Maishera
The Alchemy Pay team announced via a blog post on Thursday that it has partnered with Mastercard to verify authentic users and prevent fraud in the application process. Alchemy Pay leverages Mastercard’s account opening solution to ensure a seamless registration experience while efficiently detecting fraud, strengthening risk control measures, and enhancing platform security.
The integration of Mastercard’s account opening API enhances the security identification and risk control features across Alchemy Pay's diverse product offerings, including On & Off-ramp solutions, NFT Checkout, and its Crypto Card Solution. This ensures that Alchemy Pay’s customers will benefit from increased protection against identity fraud and the mitigation of potential malicious activities.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up by 3% in the last 24 hours and currently trades at $0.02283.
