Mastercard Introduces Fraud Screening Before Stablecoin Payments Go On-Chain

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: Mastercard has launched Stablecoin Security, a risk-scoring tool designed to help financial institutions examine payments before and during their movement across blockchains. Stablecoin transfers can settle quickly. Investigating a suspicious payment before it happens is a much harder task, particularly when the transaction crosses providers, blockchains and traditional banking systems. Mastercard wants to tackle that problem with Stablecoin Security, introduced at Money20/20 in Las Vegas. The product combines conventional payment intelligence with blockchain data so banks and payment companies can assess fraud, sanctions and scam risks across a transfer’s journey. The service works through an API and can generate a risk assessment before a transaction is completed. Mastercard says it can c...