Licensed payment aggregators play a major role in reducing digital fraud by ensuring secure transaction processes. They comply with regulatory requirements, like encryption and PCI DSS standards to safeguard user data. Aggregators monitor real-time transactions for suspicious activities and flag them before they escalate into fraud.
By fitting in with tools like the negative database and central fraud repositories, aggregators enhance fraud detection. They also educate merchants on secure payment practices, building a safer digital payments environment. Their compliance ensures the ecosystem remains reliable and trustworthy for businesses and consumers.
