A centralised fraud database streamlines the identification and prevention of digital fraud across the payments ecosystem. It gathers information about fraudulent entities, enabling quicker action against repeat offenders. This shared resource enhances transparency among aggregators, processors, and regulators, improving overall fraud detection.
By creating a centralized system, stakeholders can collaborate more effectively to address emerging threats. It also helps smaller players in the ecosystem access valuable insights, levelling the playing field. A unified fraud database strengthens trust in digital payments, driving adoption among users and businesses.
