Worldpay has secured Forter to fight the potential increase in online crypto-trading fraud. If you want to discover more about the new service for Worldpay cryptocurrency transactions and know who can help you with reliable Worldpay reviews UK, go on reading the article below.
Freedom for Worldpay Cryptocurrency Transactions
Crypto exchanges are a potential target for fraud. Worldpay’s Fraud Freedom service will operate based on fraud models and AI (artificial intelligence) from Forter to help exchanges and brokers with finding out fraudsters. Forter is a leader in providing services to prevent eCommerce fraud.
The situation created by the COVID-19 virus has increased the potential for payment fraud. Moreover, payment-transaction fraud is forecast to further grow. Worldpay’s Fraud Freedom service is developed to provide protection against chargeback fraud. This new solution is great for optimising payment conversion and authorisation rates.
Worldpay Reviews UK & Cryptocurrency Fraud
The cryptocurrency market goes on growing with rapid advances. The market’s growth in 2019 was estimated to be 600% in the volume of crypto-related trading.
Now, when the worldwide virus crisis has resulted in increased volumes of consumer trading in the cryptocurrency space, crypto brokers and exchanges are more interested in reducing friction in customer experience and simultaneously making fraudulent transactions happen less often.
Today, it’s of greater importance today to have the right fraud-fighting techniques in place. Worldpay’s new Fraud Freedom service can help cryptocurrency brokers and exchanges spot bad guys and stop fraudulent activities during purchases, trades, or distributions of cryptocurrency.
Given fraud-related problems are anticipated to further increase in the cryptocurrency industry as a result of the worldwide COVID-19 virus spread, it’s more critical than ever to find a secure merchant processor to work with. You can do this without difficulty by applying for the services of a respectable merchant-processor comparison specialist in the UK.
Thanks to a true comparison expert, you can find the most suitable payment-processing services for your business, as well as the most trustworthy Worldpay reviews UK.
So, since the use of crypto money is growing, Worldpay has decided to offer crypto brokers and exchanges a new service from Forter for chargeback protection.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of merchant accounts and can best help you with Worldpay reviews UK. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie on his backyard porch, as should all right-thinking people.