A visual guide to advanced fraud detection in cashless transaction technology

The growth in digital wallets has been attributed to:

  • Opportunity to reach a global customer base with instant transfers around the world

  • Enhanced security features with authentication and data encryption

  • Advanced seamless payment experience for a customer- centric journey

Be customer-centric with one-touch digital onboarding

E-Wallets are a digital version of your wallet, and have been around for a number of years - but with recent global events there has been a rapid increase in the use of this contactless payment method. E-Wallets are linked to your bank account or topped up manually, and can pay for a wide array of goods and services. Their ease of use and the convenience of having an app on your phone creates a frictionless experience. However, operators need to be aware of vulnerabilities at the enrolment stage for fraudulent applications and ensure enhanced transaction monitoring identifies suspicious behaviour for each transaction.

Download our infographic to learn more about our new E-Wallet provider and see insights into potential fraud and AML risks.

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