Secure Payments
from KPMG & nsKnox

verify suppliers & prevent payment fraud

Designed by KPMG and powered by nsKnox, Secure Payments delivers as a holistic managed service that combines advanced supplier and account verification capabilities, robust payment data protection, and a unique global payee repository

Supplier payments fraud: a rising epidemic

With organizations worldwide often handling thousands of supplier payments every month, it has become too easy for cybercriminals to exploit the many vulnerabilities that exist in the payment process.

The Cause

Limited visibility & control
Insufficient supplier management
Insecure payment process

The Damage

87% of companies with over $1B in revenue were affected in 2019
The average loss is at $63K
Thefts can reach $1M

The answer: smart and safe processes

In order to prevent fraud, the entire supplier verification and payment process needs to be streamlined and controlled, with:

Enhanced

verification of suppliers and payment information change requests

Complete

with every step of the

payment process

thoroughly verified

Automated

risk and policy checks

KPMG & nsKnox

introduce robust supplier & payment verification

A global payee repository

of verified suppliers from around the world that is stored in the cloud, encrypted, and split into multiple secure servers

Payment verification

for ensuring that payment requests are legitimate and intended for verified accounts

Payment data protection

through advanced encryption and repeated verification at every step of processing

"Know your supplier"

service for extensive verification with additional and advanced checks and controls

Risk and policy checks

where only designated personnel can receive alerts when fraud is detected, or based on policy rules

See how you too can detect and prevent payment fraud in real time

Email: contact@nsknox.net
Phone: 1-833-4nsknox (675669)

Secure Payments
from KPMG & nsKnox

Supplier payments fraud: a rising epidemic