Alchemy Pay, the world-leading fiat-crypto payment gateway, has partnered with Mastercard to verify authentic users and prevent fraud in the application process. By leveraging Mastercard’s account opening solution, Alchemy Pay ensures a seamless registration experience while efficiently detecting fraud, thereby strengthening risk control measures and enhancing platform security.
Mastercard’s identity solutions enable organizations to verify and authenticate genuine consumers. Its account opening solution leverages advanced machine learning to help organizations identify genuine consumers and fraudulent actors during the application process. In partnership with Mastercard, Alchemy Pay can identify users based on their risk levels and guide them through corresponding workflows.
The integration of Mastercard’s account opening API enhances the security identification and risk control features across Alchemy Pay’s diverse product offerings, including On & Off-ramp solutions, NFT Checkout, and its Crypto Card Solution. By leveraging these advanced capabilities, Alchemy Pay’s customers will benefit from increased protection against identity fraud and the mitigation of potential malicious activities.
To date, Alchemy Pay’s ramp payment network has grown to encompass more than 300 payment channels spanning 173 countries, supporting over 50 fiat currencies. This positions Alchemy Pay as an expert in delivering solutions that facilitate mainstream accessibility to fiat payments for crypto and Web3 services. Additionally, Alchemy Pay accommodates global payment methods widely used by everyday users as well as regional mobile wallets and local bank transfers preferred in specific regions.
Leveraging rich experience in traditional finance and fintech payments, the Alchemy Pay team has demonstrated a strong record in obtaining Authorized Payment Institution licenses across different countries and regions, including the United States, Canada, Indonesia, and Lithuania. Recently, Alchemy Pay secured a license in the UK, showing its leadership in the crypto payment sector.