{"id":26162,"date":"2024-06-25T11:18:15","date_gmt":"2024-06-25T05:48:15","guid":{"rendered":"https:\/\/blogrevamp.cashfree.com\/?p=26162"},"modified":"2024-06-25T12:31:30","modified_gmt":"2024-06-25T07:01:30","slug":"riskshield-for-disbursal-payment-security","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/","title":{"rendered":"The Ultimate Guide to Disbursal Payment Security: Strategies to Mitigate Online Payout Fraud"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8f5d60caa7f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8f5d60caa7f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#What_are_the_types_of_transaction_risks\" >What are the types of transaction risks?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Account_takeover_A_deceptive_threat_in_payout_fraud\" >Account takeover: A deceptive threat in payout fraud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Rewards_schemes_abuse_Turning_rewards_into_losses\" >Rewards schemes abuse: Turning rewards into losses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Systemic_internal_failures_and_double_payouts_When_internal_errors_become_expensive\" >Systemic internal failures and double payouts: When internal errors become expensive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Disbursement_Errors_A_double-edged_sword\" >Disbursement Errors: A double-edged sword<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Identity_theft_A_betrayal_of_trust\" >Identity theft: A betrayal of trust<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#How_to_mitigate_transaction_risks\" >How to mitigate transaction risks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Introducing_RiskShield_by_Cashfree_Payments\" >Introducing RiskShield by Cashfree Payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Why_do_you_need_RiskShield\" >Why do you need RiskShield?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Identifying_and_blocking_suspicious_transactions\" >Identifying and blocking suspicious transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#ML-Based_anomaly_detection_in_transactions\" >ML-Based anomaly detection in transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Blacklisting_transactions\" >Blacklisting transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Ready-made_Cashfree_Blacklisting\" >Ready-made Cashfree Blacklisting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Setting_Smart_limits\" >Setting Smart limits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Handling_large_volumes_of_transactions\" >Handling large volumes of transactions<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Who_can_use_RiskShield\" >Who can use RiskShield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">Transaction risk and payment fraud are rapidly growing threats across the globe. No matter your industry, fraudulent payouts can wreak havoc on your finances and erode customer trust. This phenomenon arises from vulnerabilities within payout transactions. These vulnerabilities expose businesses to factors like account takeovers, manipulated refund schemes, and systemic failures. These factors disrupt the intended outcomes of transactions, impacting a company&#8217;s bottom line and reputation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_transaction_risks\"><\/span><strong>What are the types of transaction risks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Account_takeover_A_deceptive_threat_in_payout_fraud\"><\/span><strong>Account takeover: A deceptive threat in payout fraud<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Account takeover (ATO) is a prevalent form of payment fraud within the realm of payout transactions. Similar to online phishing, ATO involves unauthorised access to user accounts by employees or external fraudsters. These criminals then leverage stolen credentials \u2013 usernames, passwords, bank details, and the like \u2013 to initiate fraudulent payouts. Often, the initial attack vector comes through seemingly legitimate emails or SMS messages. Once compromised, the fraudsters divert funds through unauthorised payouts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rewards_schemes_abuse_Turning_rewards_into_losses\"><\/span><strong>Rewards schemes abuse: Turning rewards into losses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While rewards programs aim to incentivize customers, they can also become a target for fraudsters. Such cases occur when individuals exploit loopholes or manipulate the system to gain rewards. This can take various forms, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fictitious Accounts: Creating multiple fake accounts to accumulate points or rewards.<\/li>\n\n\n\n<li>Purchase Manipulation: Making fraudulent purchases with the sole purpose of generating rewards, often with immediate returns or cancellations.<\/li>\n\n\n\n<li>Exploiting Glitches: Taking advantage of technical errors or bugs in the rewards program to inflate points or rewards balances.<\/li>\n\n\n\n<li>Cashback Collusion: Participating in schemes where rewards are converted into cash illegally, often involving third parties.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These fraudulent activities not only impact the program&#8217;s integrity but also eat into a company&#8217;s bottom line.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Systemic_internal_failures_and_double_payouts_When_internal_errors_become_expensive\"><\/span><strong>Systemic internal failures and double payouts: When internal errors become expensive<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This is a case where a company-specific or industry-specific internal event in the processes triggers transaction mistakes. Systemic failure and double payouts were the major contributors to the global financial crisis of 2008, and it\u2019s still a problem affecting the economy significantly. Even the companies that are considered \u2018too big to fail\u2019, have been affected by systemic failures. Strange patterns of transactions occurring to wrong bank accounts is a classic example of systemic failure.<br><br><em>Example &#8211; Consider that your company has a wallet-based customer account where customers can withdraw money from the wallet via a real-time payout. There have been scenarios where customers had withdrawn the money but the wallet balance didn\u2019t reduce leading to fraud activities on the platform. In this case, one customer with a wallet balance of 500 can withdraw 500 rupees infinite times.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disbursement_Errors_A_double-edged_sword\"><\/span><strong>Disbursement Errors: A double-edged sword<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Errors within the disbursement process itself can also create opportunities for fraud. These errors encompass both unintentional mistakes, such as incorrect payment amounts or disbursements to unintended recipients, and potentially deliberate actions to exploit weaknesses in the system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><em>Example &#8211; Consider a scenario for bulk payouts where rather than sending 15000, payouts went for 1.5 lakh per person via API or bulk upload.&nbsp;<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Identity_theft_A_betrayal_of_trust\"><\/span><strong>Identity theft: A betrayal of trust<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Payout fraud can also occur through a more personal form of attack &#8211; identity theft. In these scenarios, fraudsters, either malicious employees or external criminals, illegally obtain a user&#8217;s personal information, such as driver&#8217;s licences, PAN cards, or Aadhaar details. Armed with this stolen data, they bypass security measures and initiate unauthorised payouts. This type of fraud thrives on lax identity verification procedures and a lack of robust transaction monitoring.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_mitigate_transaction_risks\"><\/span><strong>How to mitigate transaction risks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To mitigate the transaction risks, certain precautions are to be followed by all the stakeholders of the companies processing payout transactions. Also, the payout processes need to be audited and necessary changes are to be implemented to detect and stop fraud.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>User access should be restricted based on their roles<\/li>\n\n\n\n<li>Multi-factor authentication should be added to block unauthorised access<\/li>\n\n\n\n<li>Necessary checks and automation have to be in place to block fraudulent transactions<\/li>\n\n\n\n<li>Fraudsters should be detected and stopped before they make transactions<\/li>\n\n\n\n<li>Unusual transaction patterns should be identified smartly and checked on immediately<\/li>\n\n\n\n<li>Stay informed of the fraud trends and update the system and processes accordingly<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introducing_RiskShield_by_Cashfree_Payments\"><\/span><strong>Introducing RiskShield by Cashfree Payments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"770\" height=\"488\" data-attachment-id=\"26191\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/riskshield-for-disbursal-payment-security\/risk-shield-payouts-inblog-1-1\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?fit=2400%2C1520&amp;ssl=1\" data-orig-size=\"2400,1520\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk-Shield-Payouts-InBlog-1-1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?fit=770%2C488&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?resize=770%2C488&#038;ssl=1\" alt=\"\" class=\"wp-image-26191\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?resize=1024%2C649&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?resize=300%2C190&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?resize=768%2C486&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?resize=1536%2C973&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-1-1.png?w=2310&amp;ssl=1 2310w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Cashfree Payments has got the merchants covered against fraud with RiskShield &#8211; a powerful set of algorithms and mechanisms designed to help you detect unusual activity and prevent errors and frauds, making your payouts safer and more efficient.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_do_you_need_RiskShield\"><\/span><strong>Why do you need RiskShield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">RiskShield not only enables you to identify and block suspicious transactions, but also equips you with smart features and enhancements to your existing payment disbursal infrastructure that saves your transactions from fraud to minimal user intervention.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Identifying_and_blocking_suspicious_transactions\"><\/span><strong>Identifying and blocking suspicious transactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">RiskShield helps users identify suspicious transactions and group them so that they can review them later and block or approve the same. This feature fights against API\/account takeovers, systemic failures, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ML-Based_anomaly_detection_in_transactions\"><\/span><strong>ML-Based anomaly detection in transactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The powerful risk mitigation mechanism scans each and every transaction with the help of a machine learning based anomaly detection in transactions. This mechanism detects suspicious patterns in transactions and blocks and brings them for the user\u2019s reviews.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"770\" height=\"458\" data-attachment-id=\"26172\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/risk-shield-payouts-inblog-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?fit=2400%2C1428&amp;ssl=1\" data-orig-size=\"2400,1428\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk Shield Payouts InBlog 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?fit=770%2C458&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?resize=770%2C458&#038;ssl=1\" alt=\"\" class=\"wp-image-26172\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?resize=1024%2C609&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?resize=300%2C179&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?resize=768%2C457&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?resize=1536%2C914&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-2.png?w=2310&amp;ssl=1 2310w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Blacklisting_transactions\"><\/span><strong>Blacklisting transactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With Cashfree Payments\u2019 \u2018My Blacklists\u2019, add the fraudsters you identified to a blacklist &amp; let Cashfree Payments automatically block payouts to them.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"770\" height=\"499\" data-attachment-id=\"26174\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/risk-shield-payouts-inblog-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?fit=2400%2C1556&amp;ssl=1\" data-orig-size=\"2400,1556\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk Shield Payouts InBlog 3\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?fit=770%2C499&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?resize=770%2C499&#038;ssl=1\" alt=\"\" class=\"wp-image-26174\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?resize=1024%2C664&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?resize=300%2C195&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?resize=768%2C498&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?resize=1536%2C996&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-3.png?w=2310&amp;ssl=1 2310w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ready-made_Cashfree_Blacklisting\"><\/span><strong>Ready-made Cashfree Blacklisting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">RiskShield provides a readymade blacklist for you with the known fraudsters identified from the databases of regulatory bodies like SEBI, IRDAI, RBI, police databases, etc.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Setting_Smart_limits\"><\/span><strong>Setting Smart limits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can configure the limit of the transfer amount and time to disable the outgoing transfers to mitigate your risk. For instance, you can set the maximum transfer amount, maximum transfer amount per day, maximum transfer amount per day per beneficiary, etc.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"608\" data-attachment-id=\"26168\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/risk-shield-payouts-inblog-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?fit=2400%2C1896&amp;ssl=1\" data-orig-size=\"2400,1896\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk Shield Payouts InBlog 4\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?fit=770%2C608&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?resize=770%2C608&#038;ssl=1\" alt=\"\" class=\"wp-image-26168\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?resize=1024%2C809&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?resize=300%2C237&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?resize=768%2C607&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?resize=1536%2C1213&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2024\/06\/Risk-Shield-Payouts-InBlog-4.png?w=2310&amp;ssl=1 2310w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Handling_large_volumes_of_transactions\"><\/span><strong>Handling large volumes of transactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With RiskShield, the users get access to a robust infrastructure of payouts that can handle 1 lakh transactions per minute, while tracking them all at the same time with no intervention from the users. They can go through the transaction reports and block or approve the transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_use_RiskShield\"><\/span><strong>Who can use RiskShield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">RiskShield goes beyond a one-size-fits-all solution. It adapts to the needs of businesses from various industries.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, banks and NBFCs benefit from secure payouts and automated customer screening during loan disbursements; E-commerce businesses can streamline vendor and driver payouts while ensuring security with fraud detection and prevention. Travel and hospitality companies gain peace of mind with pre-built blacklists and ML-based anomaly detection to safeguard partner payouts. This versatility makes RiskShield a valuable tool for businesses across multiple industries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Transaction risks are ever-evolving and have always been a threat to businesses of all industries. Merchants and other users who process payment disbursals should be vigilant about protecting themselves against fraud. Cashfree\u2019s RiskShield has got you covered with all these potential risks with a robust, best-in-class set of features to safeguard your transactions. Explore RiskShield and fight fraud along with Cashfree Payments. If you are stuck somewhere, we are here more than happy to help you!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Start your journey with <a href=\"https:\/\/www.cashfree.com\/risk-shield-for-payment-disbursal\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=Risk-shield-online-payment-fraud\">RiskShield for Payouts<\/a> now.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transaction risk and payment fraud are rapidly growing threats across the globe. No matter your industry, fraudulent payouts can wreak havoc on your finances and erode customer trust. This phenomenon arises from vulnerabilities within payout transactions. These vulnerabilities expose businesses to factors like account takeovers, manipulated refund schemes, and systemic failures. These factors disrupt the<\/p>\n","protected":false},"author":92,"featured_media":26166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8435],"tags":[],"class_list":["post-26162","post","type-post","status-publish","format-standard","has-post-thumbnail","category-risk-shield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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