Mastercard Crypto Secure

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Mentioned Companies:

Mastercard Crypto Secure

Providing a risk assessment on consumer purchases from Virtual Asset Service Providers (VASPs) is the aim of Crypto Secure, a service Mastercard is making available to card issuers worldwide. VASPs are 3,600 crypto exchanges and other companies that sell digital currencies. Fraud related to crypto purchases is higher than for the industry average, and some particularly risk-averse issuers deny authorization requests for valid sales out of an abundance of caution. However, currently crypto fraud is at a manageable level as a percentage of all crypto sales. Mastercard sees its Crypto Secur...

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Nilson Report

1228

October 2022

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Mastercard Crypto Secure

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