Are virtual accounts protected against fraud?

Yes, Yativo employs robust fraud prevention mechanisms to secure the platform and the virtual accounts issued. We implement fraud detection controls at the platform level to ensure that suspicious activities are monitored and addressed.

To further protect your virtual accounts and reduce the risk of fraud, it is important to take the following steps:

1. User Authentication: Ensure strong authentication processes (e.g., multi-factor authentication) for your customers.
2. KYC User Verification: Conduct thorough Know Your Customer (KYC) verification as part of your onboarding process. Verifying customer identities using official documents helps prevent fraud by ensuring that users are legitimate.
3. Transaction Monitoring: Monitor transaction patterns and flag suspicious activities, such as unusually large transactions or frequent transfers.
4. Data Protection: Implement proper data security practices, including encryption and secure data storage, to prevent unauthorized access.
5. Fraudulent Requests: Regularly verify and validate user identities to avoid fraudulent requests or activities within your accounts.

For more detailed guidance on fraud prevention and security measures, refer to the Yativo API documentation or reach out to our support team.