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Fraud is going to be your biggest problem (besides getting users). How will you handle it?
by buss 11y ago
Fraud is going to be your biggest problem (besides getting users). How will you handle it?
- pratim 11y agoFraud can be handled in following way: Technical point of view we will keep following measure in place: - Limited accessibility to the account due to an unauthorized transaction. - Account verification via phone number and email. - Prompting users to update their account information from time to time. - Email and text Confirmation after sending money and receiving money. We also believe that fraud is an awareness problem. So, we will keep consumer aware of how the common fraud looks like and how to stop them with appropriate measures. Please check the sample awareness link for pay pal. https://www.paypal.com/webapps/mpp/security/common-scams https://www.paypal.com/webapps/mpp/security/common-scams
- pratim 11y agoWhat you think about the idea in general? Do you think there is gap in market for Gift card services? Gift card market is more than $200bn in merchant sales in US alone. http://www.forbes.com/sites/tomgroenfeldt/2014/04/16/prepaid-cards-to-hit-200-billion-in-merchant-sales-in-2012/#1c80d6de7921 http://www.forbes.com/sites/tomgroenfeldt/2014/04/16/prepaid...