Empowering Payment Proofs with Qryptal’s Secure QR Codes

Guarding Transactions with Qryptal: Averting Screenshot Deceptions

The Double-edged Sword of Payment Screenshots

In an era where digital transactions are the norm, screenshots of payments have become a common method for merchants to initiate delivery fulfilment of transactions. Some individuals have exploited this system, using manipulated screenshots to deceive merchants or even unsuspecting individuals. Many articles and tutorials on creating such screenshots are alarmingly easy to find online.

The Challenge: Navigating the Screenshot Minefield

Merchants often need help with a dilemma - wait for bank confirmations and possibly lose business, or rely on screenshots and risk financial losses. In today’s fast-paced online marketplace, screenshots can offer swift payment confirmation, as illustrated in the example below.

[Read about the case here]

In a recent case in the Philippines, the country’s largest bank, BDO, issued an alert that online sellers should be wary of customers who send doctored screenshots as fake proofs of payment.

The BDO case of doctored screenshots

The Balancing Act: Customer Convenience and Security

Why are screenshots sometimes used as payment proofs?

Banning screenshots is not a viable solution as it hampers customer convenience and slows down business. The real need is to secure the process and instil trust. The crux is finding a balance: securing the process without sacrificing convenience.

The Solution: Secure and Trustworthy Payment Screenshots with Qryptal

Qryptal’s Secure QR Codes provide an innovative solution for validating documents, receipts, invoices, and transaction notices (printed or electronic), ensuring privacy and establishing trust among all parties involved.

Step-by-Step Implementation:

Step 1: The payment organisation (such as a bank or payment gateway) integrates with Qryptal’s secure QR Code generator. This generates a secure, tamper-proof QR code digitally signed by the organisation’s private key. The QR code is added to the transaction confirmation page, containing critical payment information. A screenshot, including the secure QR code, is then taken and shared with the merchant or third party.

Step 2: The recipient can quickly verify the QR code by scanning it with an app or uploading the image to a web validation page provided by the issuing organisation. This page or app uses the public key to decrypt and display the relevant information.

Schematic Diagram of Qryptal Secure QR Codes

How Qryptal works to protect screenshots

This near-instant verification ensures that the transaction is genuine. The benefits of customer convenience are maintained while enhancing security and eliminating the chances of fraudulent activities.

Enhancing Transactions with Qryptal

Qryptal’s Secure QR Code is a groundbreaking technology that eliminates friction in day-to-day transactions by making them secure and trustworthy. Through this solution, merchants can confidently proceed with the processing of transactions, knowing that the payment proofs are secured.


Suggested further reading

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Introducing Qryptal’s QBot: Your 24x7 Guide to Document Security

Secure QR Codes Revolutionizing Diploma Verification and Reducing Fraud in the Education Sector



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