PaymentKnox for Accounts Receivable

Automated & secure cyberfraud prevention

Leverage a technology-driven process to empower customers to validate your bank account details prior to making payments and prevent fraud

Incoming payments are at risk

Today’s cyberfraudsters are targeting payments more and more, with four out of five companies falling victim, according to the Association for Financial Professionals (AFP).

Even when processes and technology are implemented to protect the organization from social engineering, bad insiders, and cyberattacks, these do not cover incoming payments from customers.

And when the fraud attempt is successful the damage to cash flow and income is immediate and often at millions of dollars.

Meet your new ‘contact person’

PaymentKnox for Accounts Receivable from nsKnox addresses the challenge with an automated, reliable, and secure approach that enables paying customers to ensure they make payments to your valid accounts only.

The solution eliminates the vulnerabilities of manual processes by serving as the “contact person” that can automatically answer two critical questions – are the account details that my paying customers have on record the right ones? Will their payments make it to my account (vs. a fraudster’s)?

The quick & easy process

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1Register & validateyour bank account information
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2Inform customers of the process when signing the commercial agreement and in the invoices that are sent
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3Customers verify your account detailssearching the secured nsKnox database
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4nsKnox confirmswhether the details are valid, and that the payment can be securely transferred
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Solution Benefits

  • Protect customers against fraud attempts on payments made to your account

  • Reduce liability from fraud perpetrated by insiders

  • Reduce risk of income lost to fraud

  • Enable customers to verify your account any time and in any language

  • Protect cashflow

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Benefits

  • Protect customers against fraud attempts on payments made to your account
  • Reduce liability from fraud perpetrated by insiders
  • Reduce risk of income lost to fraud
  • Protect cashflow
  • Enable customers to verify your account any time and in any language
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Solution highlights

  • Robust protection by nsKnox Cooperative Cyber Security™ technology
  • Immediate implementation
  • Zero IT efforts
  • No changes to existing processes

Start your free trial now

First 2 months at no cost
Then only $125/month
Just give it a test run and see how easy and powerful it is.