Traditional methods of bank account ownership validation are no longer enough in today’s evolving threat landscape. Many organizations still rely on easily forged banking documents and confirmation calls, creating critical vulnerabilities in vendor onboarding and payment processes.
In this session, our CEO, Nithai Barzam joined AP expert, Debra R. Richardson to explain why these approaches are failing and how the industry is entering a new era of payment security.
You will learn why existing bank account validation solutions have a limited reach when they depend solely on traditional in-network capabilities, and why additional out-of-network capabilities are required for high-value, high-risk, or cross-border payments.
The session also highlights how nsKnox’s Adaptive Payment Security solution provides the best of both worlds: rapid, low effort validation where possible and robust, high certainty when needed, validating accounts globally.
Immediate Takeaways
- The Current State of Payment Fraud
- Why Today’s Validation Methods Are Failing
- A New Era of Bank Account Validation
- Adaptive Payment Security in Action
