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There are two major fraud categories that pose significant risks to merchant funds: 1. Identity Theft Fraudsters impersonate legitimate individuals using stolen personal information and identities to:
  • Make unauthorized purchases
  • Open fraudulent accounts
  • Conduct illegal financial activities
2. Account Takeover (ATO) Fraudsters gain unauthorized access to legitimate user accounts and use stored payment methods to:
  • Make purchases
  • Transfer funds
  • Withdraw balances
Drawing upon years of fintech experience in:
  • Cybersecurity
  • Anti-fraud systems
  • Cross-account verification technology
Singapay provides:
  • Account KYC verification
  • Suspicious transaction detection
  • Risk-control interventions
  • Security configuration tools
to significantly reduce payment fraud risk.

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Fraud Protection Capabilities

CapabilityFraud Type MitigatedAPI PayoutsDashboard Payouts
E-Wallet Account VerificationIdentity TheftSupportedUnder Development
Bank Account VerificationIdentity TheftUnder DevelopmentUnder Development
KTP Verification (Dukcapil)Identity TheftUnder DevelopmentN/A
Transaction Risk ControlIdentity Theft, Account TakeoverSupportedSupported
Whitelist & Blacklist ManagementAccount TakeoverSupportedSupported
Account-Level API Token ManagementAccount TakeoverSupportedN/A
Payment Password & Two-Factor Authentication (2FA)Account TakeoverN/ASupported
User & Permission ManagementAccount TakeoverN/ASupported
Additional identity and risk services are available in the Identity & Risk product suite.

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Typical Use Cases

High-Risk E-Commerce
  • Detection of suspicious orders
  • Promotion abuse prevention
  • Fake transaction prevention
FinTech Platforms
  • Identification of suspicious borrowers
  • Prevention of identity fraud
  • Account takeover detection