Signal
Delayed Payment for Fraud Review
Hold Period Before SettlementBrief 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.
Coinbax Controls Used
This concept leverages the following programmable controls to create a secure, compliant payment flow.
Escrow Hold
Time-Based LocksFunds secured during review period
Risk Scoring
ReversibilityReal-time fraud assessment
Time Delay
Time-Based Locks5-minute reversal window
Approval Gate
Multi-Party AuthConfirmation before release
Use Case Example
Scenario
Fintech App Preventing Authorized Push Payment Fraud
- 01
The Challenge
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.
- 02
The Solution
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.
- 03
The Result
43% reduction in APP fraud losses, customer satisfaction improved due to safety features
Ideal for
When a second look has to happen before the money is gone
Consumer Banking Apps
Protect customers from impulsive or fraudulent transactions with a brief cooling-off period.
Payment Processors
Add fraud prevention capabilities without significantly impacting payment speed.
B2B Payments
Allow finance teams to catch errors before payments become irreversible.
High-Value Transfers
Add an extra layer of verification for large transactions.