Customer Testimonials

B2B Payments

Challenges

  • High transaction fees
  • Slow processing
  • Need to quickly identify fraud

Solution

  • Blinktrade provides platform for instant transactions on blockchain
  • BlockCypher quickly identifies fraud and transactions likely to confirm

Benefits

  • Users receive credit to trade immediately
  • Faster deposits
  • 33% in cost savings due to automation
  • Fraud identified
Case Study

P2P Payments

Challenges

  • High transaction fees
  • No single P2P platform
  • Lack of good testing environment

Solution

  • Abra enables P2P payment anywhere in world
  • BlockCypher provides notifications (e.g. for payments) and test environment

Benefits

  • Users protected from market volatility
  • Faster deposits
  • 30% development cost savings from using BlockCypher’s test environment and notifications
Case Study

Identity Management

Challenges

  • High cost of fraud ($B)
  • Privacy
  • Ease-of-use

Solution

  • User manages identity (e.g.biometrics) on Shocard mobile app
  • BlockCypher publishes identity to blockchain

Benefits

  • 6 months saved in ramp up time
  • 35% costs saved in development
  • Increased scalability and reliability
  • Improved code maintenance
Case Study

Faster Payments and Rewards

Leading Global Payments Processor

Challenges

  • Legacy infrastructure
  • Anti-fraud catch up
  • Lack of preventative, monitoring systems
  • Expensive, slow onboarding

Solution

  • Faster, more secure and user-friendly digital payments
  • BlockCypher Ethereum APIs used to process payments, fraud checks

Benefits

  • $5.2M in fraud prevention
  • $2.2M in salary savings
  • 35% faster time to market
  • Improved code maintenance
Case Study

Cybersecurity

US Department of Homeland Security

Challenges

  • Hackers increasingly take over desktop and mobile devices
  • Ransomware $1B crime in 2016

Solution

  • Real-time analytics to prevent fraud
  • Monitoring to detect fraud patterns
  • Advanced visualizations for analysts

Benefits

  • Prevent fraud
  • Reduce false positives
  • Identify sources of fraud
BlockCypher logo

Software Used

White Paper

Payroll

Challenges

  • Long wait times 15+ days
  • High transaction fees 10+%

Solution

  • Bitwage provides platform for payroll and invoicing
  • BlockCypher validates addresses, identifies transactions likely to confirm

Benefits

  • Faster time to market
  • Payments within 2 days
  • 30+% in cost savings due to automation
  • Faster clearing and settlement
Case Study

FX and Mobile Money Accounts

Challenges

  • High FX costs for African currencies
  • Mobile money accounts, rather than bank accounts are used for payment

Solution

  • Bitpesa converts a company’s currency into local currency, on mobile phones
  • BlockCypher provides payment confirmations on the blockchain

Benefits

  • Reduced development time
  • Increased scalability and reliability
  • Improved code maintenance
Case Study

Fighting New Types of Fraud

Leading Global Payments Processor

Challenges

  • New account fraud increased 113%, now 20% of all fraud
  • 72% of loyalty program managers experiences issues related to fraud

Solution

  • Prevent fraud
  • Reduce false positives
  • Protect company reputation
  • Increase understanding of buying patterns

Benefits

  • Real-time analytics to prevent fraud
  • Monitoring to detect fraud patterns
  • Advanced visualizations for analysts
BlockCypher logo

Software Used

White Paper

KYC and Onboarding

Challenges

  • Duplicate efforts in onboarding
  • Manual reconciliation of false positives

Solution

  • Eliminate duplicate onboarding processes
  • Reduce required changes to internal systems that cost millions

Benefits

  • 40% reduction in penalties
  • 10% reduction in onboarding costs
  • 20% reduction in transaction monitoring
Case Study

Loyalty and Digital Identity

Challenges

  • Customer retention and digital motivation
  • 72% of loyalty programs experience fraud issues

Solution

  • Loyalty programs with
  • Digital identity and reputation

Benefits

  • Reduced liability and fraud
  • Faster transactions and reconciliation
  • Lower support costs
  • Increased repeat business
Case Study

Trade Clearing and Settlement

Challenges

  • Multiple versions of a trade
  • Long settlement times
  • Operational risks

Solution

  • Reduce trade errors
  • Streamline back office functions
  • Shorten settlement time

Benefits

  • Reduction in expenses
  • Capital savings
  • Development and operation cost savings
BlockCypher logo

Software Used

Case Study

Mobile Identity and Payments

Challenges

  • 100% increase in identity theft
  • High fraud costs
  • High transaction fees

Solution

  • Tamper proof identity and data communication
  • Payment confirmations on the blockchain

Benefits

  • Increased security in identity verification
  • Standardization
  • Fraud, operations and compliance reporting
BlockCypher logo

Software Used

Case Study

For more in depth case study

* Use case interest: - B2B Payments

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Detailed case studies and white papers available upon request: contact@blockcypher.com

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