HOW CRYPTO SECURE WORKS
A simple intuitive dashboard provides greater visibility of crypto spend, transaction volumes and AML risk rating exposure
Combat risk of money laundering from criminal entities making crypto fund transfers
Meet heightened regulatory scrutiny and oversight of engagement with any crypto transactions and third-party virtual asset service providers
Improve visibility into cardholders’ crypto activity and the service provider risk profiles where they transact
Detect and prevent fraud for crypto asset-related transactions
higher fraud rates for crypto vs. non-crypto transactions1
Source: Mastercard internal data. Calculated at December 31, 2022.
projected global number of cryptocurrency users by 2027
Source: statista.com, 2022
estimated crypto wallet market value by 2028
Source: globalmarketestimates.com, 2023
Identifying approval optimization opportunities
With VASP AML risk insights powered by CipherTrace, an issuer could identify opportunities to approve issuer-declined crypto transactions from low-risk VASPs2, totalling more than $8 million total potential GDV.
Get in touch to learn more about our crypto risk solutions