Push payments – payment requests and invoices – are essential for everyday life. But they have quickly turned into a haven for fraudsters.
UK Finance reports that push payment fraud losses reached a staggering £455.8 million in 2019 alone. Nuggets eradicates this form of fraud, by intrinsically tying identities to payment requests.
Verified identities remove any uncertainty
Our solution harnesses biometrically validated identification, underpinned by the consensus and immutability of the blockchain and connected to a payment source.
Because Nuggets ensures verified IDs on either side of a transaction, any request for payment outside the official channels simply won’t be processed. To avoid overpayment, only the specified funds will be sent and received between the two verified parties.
That means no one has to send sort codes or account numbers by email or other channels any more, just to make a payment happen.
Fully customisable. Easy to integrate. Cross-platform.
It’s easy to integrate Nuggets solutions and modules. They can be fully customised and white-labelled, and integrate easily with your existing products and services.
Nuggets is available on Android and iOS, desktop and multiplatform.GET IN TOUCH