PaymentKnox™ for Accounts Payable

Q: Do vendors need to register or take any action?

In most cases, no:Quick Check™ validates accounts instantly using the nsKnox global database – no vendor registration or involvement requiredKnox Verify™ (for high-value or complex transactions) may require a small test transaction to the supplier’s bank, but this is handled by nsKnox with minimal or no effort from the supplier

robust outgoing payments protection

continuously verify banking details to prevent cyberfraudsters from ‘hijacking’ payments

Outgoing payments are at risk

Cybercriminals today are using ever-more sophisticated techniques, such as vendor impersonation, business email compromise (BEC), and social engineering, to divert outgoing corporate payments to their own fraudulent accounts. As their success rates grow so does the financial damage incurred by targeted organizations.

89 %

of cyberattacks
use social engineering

$ 3 B

in losses due to
BEC in 2020

The 3 pillars of powerful payments protection

PaymentKnox™ for Accounts Payable introduces a technology-driven approach that enables organizations to minimize the risk of human error and prevent unauthorized payments. The offering is comprised of three solutions:

Adaptive Payment Security™

Global account validation based on authoritative data from the banking system, based on our in-network and out-of-network solutions.
Where others stop, our validation continues.

Master Data Guard

for an automated and highly secure verification process that ensures that master payee data is current, accurate, and hasn’t been tampered with

Payment Check

by scanning and analyzing payment transactions to ensure that every payment is made only to validated payees and accounts

Unprecedented benefits

Zero errors

from manual processes that are prone to social engineering attacks

Detection & alerts

to payment and master data discrepancies, as well as payment files manipulation attempts

Automated assurance

of bank account ownership and details accuracy

Early action

to assure that payments are made only to intended recipients

Trusted by leading global brands

FAQs

What is PaymentKnox™ for Accounts Payable?

PaymentKnox™ for Accounts Payable is an end-to-end fraud protection suite for corporate AP teams. It secures every stage of the outgoing payment process, from vendor onboarding through to payment release.
It consists of three components that work together:

Adaptive Payment Security™ – validates bank accounts globally before payments are made
Master Data Guard™ – continuously monitors and protects the vendor master file
Payment Check™ – scans every payment transaction before the payment run is released

How does PaymentKnox™ for AP stop BEC and social engineering attacks?

PaymentKnox™ for AP removes the human decision from the verification process – the most common weak point exploited by fraudsters.
Here’s how it works in practice:

A fraudster sends an email impersonating a supplier and requests a bank account change
Even if the AP team updates the vendor record, Master Data Guard™ flags the change for validation
The new account is validated against authoritative banking system data via Adaptive Payment Security™
If the account cannot be confirmed as legitimate, the payment is flagged – regardless of who approved it internally

This means even convincing BEC attacks, deepfake AI voice calls, or video impersonations cannot result in a fraudulent payment reaching the wrong account.

Do vendors need to register or take any action?

In most cases, no:

Quick Check™ validates accounts instantly using the nsKnox global database – no vendor registration or involvement required
Knox Verify™ (for high-value or complex transactions) may require a small test transaction to the supplier’s bank, but this is handled by nsKnox with minimal or no effort from the supplier

Does it integrate with our ERP system?

Yes. PaymentKnox™ for AP integrates with leading ERP systems including SAP, Oracle, and others via:

Direct API integration for fully automated, real-time validation
Automated file transfer for scheduled batch processing
SaaS portal for teams who prefer no-integration deployment

All options require no changes to your existing payment workflows. Contact us to discuss your setup.

Let’s talk to see if our solution meets your needs

It’s powerful and easy, with no effort from IT and no changes to current processes are required.

nsKnox is a fintech-security company, enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. Founded and led by Alon Cohen, Founder & former CEO of CyberArk (NASDAQ: CYBR), nsKnox solutions help organizations avoid significant financial losses, heavy fines, and reputational damage.

Leveraging its patented Cooperative Cyber Security™ (CCS) and groundbreaking Bank Account Certificate™ technology, nsKnox’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC), insider-fraud and other Advanced Persistent Fraud attacks.

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Email:
contact@nsknox.net

Phone:
1-833-4nsknox (675669)