Mobile Money – the Challenge
Mobile Payments provides a mechanism for conducting financial transactions using a mobile device as an alternative to using cash, cheques or credit cards. The mobile device is linked to a bank account, card account (credit, debit or prepaid) or stored value (e.g., prepaid wallets, online stored value, stored value cards) from which money is deposit or withdrawn.
Mobile Money services are extremely attractive to fraudsters and those seeking vehicles for money laundering.
How do we solve this problem?
The Sentinel fraud management solution encompasses monitoring and investigation of subscribers, agents, bank accounts, merchants and geographic regions to identify potential money laundering, commission manipulation, account theft or technical frauds.
The KYC and Subscriber modules can be acquired independently. The Agent and Merchant modules depend on the Subscriber module. For more information on these modules, please contact us.