Payment App Protection

NETGUARDIANS

Spot and block money mules and fraud

✓ Stop payment fraud in real time
✓ Detect mule activity with advanced analytics
✓ Offer full control over blocked transactions and accounts

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Payment apps under pressure from illicit activity                                      

Payment mobile applications are emerging as a significant channel for fraud and money-mule activity, particularly in peer-to-peer transfers.

  • Second-hand marketplaces are frequently exploited for goods-and-services scams.
  • Limited regulatory oversight and weaker consumer protections increase vulnerabilities.
  • Looser monitoring provides an effective channel for money-mule activity, creating major reputational risks and additional workload.
  • App and device onboarding represent security points of failure that can be exploited.

Smarter Fraud Defense for Payment Apps                                      

Vyntra’s Payment App Protection stops mule accounts and fraud on payment apps.

    • Uses a holistic approach to detection, factoring in A2A payments, customer data, and even network-provided risk scores.
    • Enables the entire subscriber Community to benefit in real time from a shared rogue payee list.
    • Isolates money mules and external parties involved in rinsing schemes, protecting customers.
    • Detects suspicious behavior typical of ATO and social engineering by leveraging payee profiling.

Key Benefits

Minimize reputational risk

Strengthen defenses with shared intelligence

Creates cross-department synergies with holistic detection

Keep the bank in control of blocked transactions and accounts

Types of fraud detected

payments
ATO, Device-enrollment compromise
social_distance
Social Engineering, Advance-goods Scams
qr_code
Phony QR-code fraud
on_device_training
P2P money-request scams

Core capabilities

1. Fraud and Rinsing Scheme Detection

  • Detects abnormal flows across P2P, P2M, and A2A payments with chain-of-events analytics.
  • Flags money mules using the payment-app channel to fan out funds, as well as other payees in the scheme.
  • Detects Account Takeover and social engineering scenarios by analyzing event accumulation and velocity.

2. Pre-Authorization Risk Response

  • Provides real-time capabilities for pre-authorization checks.
  • Enables immediate isolation of money mules, rogue payees, and fake merchants through dynamic restriction lists applied at authorization.
  • Stops fraud quickly without disrupting legitimate user experience.

3. Collective Intelligence

  • Leverages Vyntra’s Community Scoring & Intelligence to strengthen fraud defenses.
  • Benefits, in near real time, from detections made at other banks.
  • Integrates risk score provided by network into models for enhanced prevention.
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