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.
Fraudsters have become exceedingly adept at leveraging sophisticated technologies to hack an organization’s communications and business systems so they can execute fraudulent payments, and cybercriminals are able to compromise signatory rights.
This reality means no bank can afford to rely solely on this measure when authorizing B2B payments.
PaymentKnox™ for Banks is our new solution, tailored specifically for banks, allowing any bank to:
- Ensure that every beneficiary paid by the bank is Legitimate and authorized.
- Verify that the bank’s target recipient is the rightful account owner, anywhere in the world.
- Assuring that the bank’s target account owner doesn’t appear in global sanction lists.
Download the one-pager now to learn all about it.
