Fraud & Risk

Fraud and Risk Mitigation for Merchants in the Age of Crypto

Ivan Yang -- Trulioo and Luke Raven


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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 currency.
What’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 will explore 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 Objective:

  • 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