Will Cryptocurrency be the Cash of the Future?

In many sectors today, when transacting digitally, that means you must provide instant delivery. The pressure, however, to approve transactions within a fraction of a second, while screening for fraud, is a massive challenge. Fraud attacks now can scale so rapidly that they hit a level most merchants and exchanges cannot physically support without shutting down their systems – i.e., their businesses. You also must also approve a transaction from a legitimate customer within seconds or lose them to a competitor. 

In this session, you will hear real-world scenarios of both crypto and digital merchants – what their thought process was and how they eventually ensured their defense from scalable fraud.

In the U.S. -and around the world- cryptocurrency regulations are evolving quickly. As adoption increases and transacting with cryptocurrency becomes a new normal, lawmakers and regulators aim to create regulations that will protect consumers and mitigate new threats and risks. With the borderless nature of cryptocurrency, regulators have recognized that where a customer is transacting from is essential. Regulators in the U.S. and globally have recognized the importance of geolocation as part of any platform's sanctions compliance program, risk-management system, and financial crime prevention. After all, can you “know your customer” if you don’t know where they really are?   

In this session, you’ll gain a better understanding of evolving cryptocurrency regulations and why geolocations matter more than ever as well as how leveraging geolocation can help you start accepting crypto on your platform. 

An interactive, ask-us-anything style panel where merchants can get beyond the hype of crypto, and understand how they explore this payment method in a safe, secure way that will satisfy consumers on the one hand, and regulators on the other.

This panel discussion explores the current state of crypto eCommerce readiness. Subject matter experts debate the pros and cons of crypto payments and explore how best to devise a long-term strategy that meets their consumers’ needs and commercial goals when it comes to crypto acceptance.

Despite overall economic uncertainty and crypto volatility, consumer interest doesn’t seem to be waning.

In a survey of 1,000 people conducted by Bank of America, 30% of respondents reported that they had no plans to sell their crypto holdings in the next six months. What’s more, 39% and 34% of those surveyed cited that they have used crypto as a payment method to make online or in-person purchases, respectively. The crypto space continues to mature leading to implications for merchants wanting to ward off nefarious activity while enacting sound risk mitigation strategies.

As crypto becomes more widely adopted by consumers and accepted as a form of payment by businesses, merchants need to carefully consider how to adapt to this new form of currencyWhat’s more, as regulators enforce sanctions designed to curb the illicit use of crypto, proper digital identity verification procedures are more critical than ever in combatting bad actors while ensuring users can transact safely and securely.

This webinar explores why the relationship between merchants and consumers needs to be underpinned by trust and how organizations need to ensure fiat and crypto off and on ramps and transactions are safe and compliant.

Learning Objectives:

• Understanding the intensifying interplay between fiat and crypto off and on ramps and the implications for merchants
• Key factors to consider when making technology decisions with respect to identity verification and onboarding processes
• Why evolving regulations that differ across jurisdictions call for agile practices and constant monitoring

At Checkout, we’re committed to enabling businesses like Binance, Blockchain.com, Crypto.com, Farfetch and Sony to thrive in the digital economy. That’s why, for the past few years, we have been tracking sentiment and behavior around crypto. We surveyed 3,000 businesses and 30,000 consumers worldwide to help us look more closely at the use of cryptocurrency in payments today and the key implications of this shift for merchant businesses. The outcome of this research is our Demystifying Crypto report, a comprehensive look at how both consumers and merchants in 11 countries are evaluating opportunities to adopt digital currencies.

At SEON Technologies we have released new information on the collection countries that are most and least at risk of cyberattacks. We have also taken a close look at the most common types of cybercrime occurring in the US.

Dubbed the Global Cybercrime Report, the report explains how several countries are the safest in the world from fraud and other cybercrime. and why others are not. Our methodology for this research was based on how companies and public infrastructure are all being fairly well protected through both legislation and technology at their disposal.

Both fraudsters and regulators have their eye on crypto. To protect against scams and meet strict compliance requirements, cryptocurrency exchanges need bullet-proof KYC and AML processes in place.

In this white paper, GeoComply shares how advanced, verified location signals can help exchanges de-risk their platforms by strengthening KYC, increasing authentication accuracy, geo-fencing sanctioned or high-risk jurisdictions, and improving AML and sanctions checks. The white paper also explores how IP addresses alone are insufficient for location verification, and why crypto exchanges need modern, device-based geolocation to address fast-evolving fraud and regulatory risks.