In the high-stakes world of B2B finance, the threat of payment fraud is more sophisticated and pervasive than ever. Organizations face a complex challenge: ‘the impossible triangle’ of payment fraud prevention. While under relentless pressure to validate new and changed accounts for their suppliers, they must also maintain the speed and efficiency needed to thrive in a fast-paced economy with greater confidence.
This dynamic has created a challenging compromise. The need for greater certainty often requires more time and effort, compelling a trade-off that leaves businesses vulnerable and forces a choice between certainty, effort, and speed.
At nsKnox, we’ve been listening, learning, and innovating to develop a solution that addresses this challenge. We viewed this not as an ‘impossible’ problem, but as an opportunity to create a solution that aligns with our customers’ needs.
That’s why we’re proud to launch Adaptive Payment Security™ – a revolutionary solution that delivers unparalleled flexibility and confidence to your payment processes. Instead of forcing you to compromise on speed, effort, or certainty, we put you in control. Our product delivers the fastest and most accurate validation possible, while giving you the flexibility to increase certainty when you need it most. It’s speed, ease, and certainty—adapted to your business needs!
In-Network Databases Are Simply Not Enough
Payment security is often treated as if it could be solved with a single lock — one system, one database, one ultimate layer of defense. In reality, bank account information doesn’t live in one place. There isn’t a single global database that tracks every account, every vendor, or every fraudulent entity waiting to strike.
Today’s existing solutions each rely on their own in-network databases, gathered from different sources but still limited to operating within their known parameters. Within that network, this model works reasonably well: when the details are checked against the database and a match is found, all is good. But what happens when the search falls outside those known boundaries — when a vendor account isn’t listed, the ownership data is incomplete, or the search returns nothing at all?
At that point, the payer is left unprotected. Systems built solely on in-network database searches have nowhere else to turn when the lookup fails to return a result — they simply stop. The paying organization is left without guidance, forced to make high-stakes decisions based on incomplete data — precisely when fraud risk is highest.
Enter Adaptive Payment Security™: Intelligent Protection, Tailored to Your Risk
nsKnox’s new Adaptive Payment Security™ product changes this paradigm entirely. Built on the foundation of our patented PaymentKnox Global Payee Network, it empowers your organization to precisely align the level of payment validation with the specific risk profile of each transaction, providing you with unparalleled control and confidence:
- Quick Check™ – A Smart & Rapid In-Network Search
Quick Check™ initiates a high-speed search across the nsKnox database and its partner network to instantly cross-reference account details and deliver the most accurate data available in real time. A strong match provides robust validation to secure even high-value payments, while partial matches offer a fast, effective check for lower-risk transactions, with the option to upgrade as needed. The results appear in a clear visual data matrix, giving complete transparency and enabling users to confidently confirm account information or seamlessly escalate to Knox Verify™ when additional validation is required. - Knox Verify™ – Validate Any Account with Authoritative Banking Data
Knox Verify™ delivers irrefutable validation of account ownership for any account worldwide, including out-of-network accounts. Through a proprietary, technology-driven process, it guides account owners through a simple, one-time verification that dynamically adapts to their specific bank and country, extracting authoritative data directly from the source. This eliminates the risks associated with manual verification methods, such as document reviews or confirmation calls, ensuring every payment is securely directed to the correct account.
This isn’t just about preventing fraud. It’s about optimizing your entire payment security process, turning a static, reactive defense into a dynamic, intelligent system that works for you.
Beyond Validation: A Holistic View of Payment Security
Adaptive Payment Security™ is more than just a validation tool; it is an essential part of nsKnox’s PaymentKnox™ platform. It integrates seamlessly with your existing systems and workflows, elevating your payment process to the next level of security.
- Continuous Validation: With features like our Master Data Guard™, you can continuously monitor your entire master vendor files for changes, ensuring your payee records remain accurate and secure over time.
- Robust Integrations: The platform offers flexible integration options to match your specific needs, including a pure SaaS solution on our portal, automated file transfers, or a full ERP API integration.
- Enhanced Visibility: The PaymentKnox™ Portal serves as a centralized hub for managing validations, users, and comprehensive reporting, giving you complete transparency and control over your payment security processes.
- Community Insights™: Leverage the collective knowledge of the secure nsKnox community insights™ to add another powerful layer of security on top of your validation results. By contributing your anonymized Master Vendor File (MVF) data, you unlock access to the collective knowledge of the secure nsKnox community database.
