Mastercard Announces Fraud Screening Before Stablecoin Payments Move On-Chain

Mastercard announced a service that assigns risk scores to stablecoin payments before they reach a blockchain, giving financial institutions a way to screen transfers before funds move. Mastercard unveiled Stablecoin Security on Oct. 19 at Money20/20 USA in Las Vegas. The service combines payment intelligence and blockchain analytics to identify signals tied to fraud, scams, sanctions exposure and other financial crime over a payment’s life cycle. Its risk score is delivered through a platform-agnostic application programming interface (API). Financial institutions can connect the API to existing fraud, compliance and case-management systems.

Source: TokenPost