Signal
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.
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.