Organizations are under a constant threat of losing millions of dollars to payment fraud and are looking to their bank for solutions. Banks themselves are at risk for failing to detect and prevent fraudulent transactions.
PaymentKnox™ for Banks is a secured SaaS platform that applies three layers of robust protection that goes far beyond signatory rights.
It is a payment security service that protects both the corporate client and the bank by ensuring that every beneficiary paid by the bank is:
Validating that the target account in every payment is registered and approved to receive payments by your Corporate Client.
Verifying that the target recipient is the rightful account owner, anywhere in the world.
Ensuring that target account owner doesn’t appear in global sanction lists.
A Secure and Verifiable Bank Letter that Provides Bullet-Proof Verification and Prevents Fraud.
Verifying beneficiaries and transactions against your corporate client's ERP system.
The only solution that guarantees truly global bank account validation. Enter only validated accounts into your ERP system, making sure entries are safe from external & internal fraud or human errors.
