Lytz protects businesses and users from online transaction fraud with advanced security, automation, and layered defenses that make each payment both simple and trustworthy. The platform uses a combination of real-time monitoring, strong authentication, and data privacy features to keep payments secure across the US.

Multi-Layered Authentication

Lytz employs multi-factor authentication and bank-grade encryption, ensuring users are authenticated at every step. Payments require verification through fingerprints or codes, protecting accounts from unauthorized access and social engineering attempts. Device fingerprinting and behavioral analytics catch suspicious activity before any money moves.

Real-Time Fraud Detection

Smart algorithms and machine learning scan every transaction for anomalies. If unusual patterns appear. for example, rapid transactions, mismatched customer data, or use of proxy networks. Lytz flags and investigates them before completion. This proactive system protects businesses from chargebacks and identity fraud.

Identity and Data Protection

Lytz verifies customer identity through digital tools and bank authentication, so vendors and customers know every transaction is legitimate. The platform minimizes data collection, securely storing financial records in encrypted formats and restricting access within the business. Monitoring and compliance protocols help identify attempted breaches and quickly isolate risks.

Human Verification for Merchant Accounts

When small businesses upgrade to Merchant Accounts, Lytz conducts a manual review. A real person on the Lytz team verifies submitted business details and documents, creating an extra layer of trust and compliance for merchants. This process takes around 24 to 48 hours, ensuring every merchant meets strict criteria before unlocking advanced payment features. Stress testing by banking partners confirmed Lytz's fraud-prevention measures, so merchants and customers alike enjoy industry-leading protection.

Continuous Monitoring and Compliance

Automated monitoring tools check for fraud 24/7, while regular audits and compliance checks with industry standards ensure that security practices evolve with changing threats. Lytz meets legal requirements for anti-money laundering and Know Your Customer processes, always operating at the forefront of regulatory protection.

Business owners can trust each Lytz transaction, building reputation and peace of mind while staying protected from evolving online threats.