MovyPay counters chargeback fraud in public transport
APIS
NETWORK APIS
CAMARA API
SPECIALISED PROGRAMMATIC
STREAMLINING
FIDELITY / COMPLIANCE
OPERATIONAL COSTS
AGENT PRODUCTIVITY
FRAUD / ID
SECURITY
RESPONSE TIME
Summary
Public transport service MovyPay in Argentina used a local aggregator's CAMARA-based SIM Swap API to counter chargeback fraud, achieving an 80% reduction in fraud and cutting costs.
Challenges
MovyPay faced a spike in fraudulent chargebacks due to SIM swap techniques, causing financial losses and ineffective fraud detection.
Solution
MovyPay implemented a SIM Swap API with a local aggregator using Argentina's mobile operators to counter chargeback fraud in public transport.
Outcome
Achieved an 80% drop in chargeback fraud, reduced costs by minimizing manual reviews, and enhanced regulatory compliance, demonstrating improved security and operational efficiency.
Sources
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