The fiat-crypto payment service provider Alchemy Pay has partnered Forter, the Trust Platform for digital commerce. The partnership will integrate Forter’s solutions and add an invaluable layer of security to Alchemy Pay transactions. Forter will allow Alchemy Pay offer clients and users higher approval rates for payment and chargeback guarantees.
Alchemy Pay’s fiat payment channels and forthcoming crypto on-ramps allow users to buy crypto and access Web3 services via mainstream-friendly fiat payment methods such as cards, mobile wallets and bank transfer. It also allows clients partners and merchants the ability to accept crypto for real world goods and services. Forter’s service leverages AI technology to minimise errors and bank false declines to improve the user experience. Its AI systems detect fraud and optimize payments by reducing the risk of authentication failure.
Traditional financial institutions still view crypto as high-risk, so chargebacks and failed transactions are a major concern. Alchemy Pay offers a payment platform that bridges crypto and fiat economies. It makes these payments as seamless as possible. The addition of Forter’s services will help Alchemy Pay to protect legitimate consumers against loss of funds by identifying and blocking fraudulent transactions.
John Tan, CEO of Alchemy Pay: “Forter is the industry leader in terms of secure payment approvals and we are delighted to be able to pass these on to our client partners. Forter will allow us to provide the best possible performance for our solutions. In order for crypto to break into mainstream use and gain worldwide adoption from everyday people we have to make payments between fiat and crypto as seamless as possible.”
Forter’s Joseph Lee, Vice President Asia Pacific, “We are excited to partner with Alchemy in their quest to provide a safe and secure checkout experience. Forter is the Trust Platform to digital commerce and understands the crypto customer journey. It provides instant, accurate assessments of trustworthiness for every step of the purchasing journey. Alchemy is at the forefront of the crypto payment sector, and we look forward to a continued partnership with them as crypto adoption accelerates.”