Brief hold period for fraud review before final settlement. Catch fraud before settlement and give senders a window to cancel errors. Shows how Coinbax Controls can inject fraud detection services into any payment flow.
This concept leverages the following programmable controls to create a secure, compliant payment flow.
Funds secured during review period
Real-time fraud assessment
5-minute reversal window
Confirmation before release
A digital banking app sees increasing APP fraud where users are socially engineered into sending payments. They need a way to give customers a chance to reconsider.
The app implements a 5-minute delay on all outbound payments over $500. During this window, the customer receives a confirmation and can cancel if they realize they've been scammed.
Result: 43% reduction in APP fraud losses, customer satisfaction improved due to safety features
Protect customers from impulsive or fraudulent transactions with a brief cooling-off period.
Add fraud prevention capabilities without significantly impacting payment speed.
Allow finance teams to catch errors before payments become irreversible.
Add an extra layer of verification for large transactions.
Talk to our team about adapting this concept to your specific payment workflows.
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