Alchemy Pay Collaborates with Forter for its Fraud Detection Capabilities

Alchemy Pay Collaborates with Forter for its Fraud Detection Capabilities
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Alchemy Pay, a Singapore-based payment solutions provider impeccably connects crypto and fiat economies for global customers, developers, vendors, and institutions. It renders a convenient system for the acceptance of both crypto and fiat money for online and offline vendors and paves an easy onboarding to them for blockchain ecosystems, and also makes web3 services extremely accessible.

John Tan, CEO, Alchemy Pay, commented, “Forter is the industry leader in terms of secure payment approvals and we are delighted to be able to pass these on to our client partners. We are intent on providing the optimal performance for our solutions and Forter will help us do just that. In order for crypto to break into mainstream use and gain worldwide adoption from everyday people we have to make payments between fiat and crypto as seamless as possible.”

Alchemy Pay has partnered with Forter to add more security to Alchemy Pay transactions. In this partnership, Forter supports Alchemy Pay to enable it with higher payment approval rates and chargeback offerings that benefit both users and clients.

Forter is a New York-based fraud detection company that acts as a Trust Platform for digital commerce. It encourages merchants to reduce losses caused by fraudulent activities and generate more revenue. It helps in making precise and real-time decisions about each digital transaction.

Joseph Lee, Vice President Asia Pacific, Forter, stated, “We are excited to partner with Alchemy in their quest to provide a safe and secure checkout experience. As the Trust Platform for digital commerce, Forter understands the crypto customer journey and provides accurate, instant assessments of trustworthiness across every step of the buying journey. Alchemy is at the forefront of the crypto payment sector, and we look forward to a continued partnership with them as crypto adoption accelerates.”

Alchemy’s forthcoming crypto on-ramps and fiat payment platforms enable users to buy cryptocurrencies and access Web3 offerings through mainstream online payment methods such as mobile wallets, cards, and bank transfers. Artificial Intelligence or AI-based fraud detection system of Forter will help Alchemy Pay safeguard genuine customers against fund losses by recognizing and blocking fraud transactions.

Read: SurePay and Virgin Money to Work for Anti-Fraud & Misdirected Payments

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