Finexio 101: Finexio Shield Payment Fraud Protection Guarantee
Finexio's commitment to driving innovation in B2B payments is evident in its flagship offering, Finexio Shield. This revolutionary solution for accounts payable payment fraud protection is designed for Finexio partners and their customers, setting a new standard in the payments industry. Finexio Shield provides comprehensive fraud protection for payments on the Finexio network
Shield's Foundation: Best-in-Class Security for All Finexio Customers
To be clear, all Finexio customers benefit from a robust security infrastructure. Finexio's Payments as a Service model provides fast, safe, and bank-level secure B2B payments as standard for all customers. This comprehensive security framework includes:
• Security against unauthorized access
• Physical security measures
• Rigorous risk and compliance protocols
• Advanced payment method security
• Robust network and data security
• Payment data storage & security protocols
• Data cleaning & enrichment
• Supplier verification
• Leading best practices in fraud prevention
Finexio Shield builds upon this solid foundation, offering an additional layer of protection exclusively for Finexio partners and their customers.
Shield Offers Comprehensive Fraud Loss Coverage
While all Finexio customers enjoy bank-level security offerings, Finexio Shield goes a step further. This exclusive program provides coverage against losses from fraud discovered and reported during the service period, up to $1,000,000.
"Finexio Shield is the 'cherry on top' that completes our industry-leading AP payment operations and fraud prevention offering."
- Ernest Rolfson, Finexio CEO
Comprehensive Fraud Protection: The Finexio Shield Advantage
Finexio Shield combines several advanced features to create a robust fraud prevention ecosystem:
• Advanced Fraud Detection: Real-time transaction monitoring and verification services scrutinize every aspect of a transaction, including identity, bank details, business information, and OFAC/AML compliance.
• Vetted Network: Finexio assumes fraud risk by extensively vetting suppliers through a rigorous, insured process.
• Secure Payment Methods: Customers and suppliers benefit from card and secure ACH payments processed on Finexio's secure network.
• Finexio Shield Fraud Protection: Up to $1,000,000 in fraud coverage provides an additional layer of financial protection.
The Industry's Only AI-backed Payments Fraud Guarantee Solution
By combining these elements, Finexio Shield offers a comprehensive fraud protection solution that goes beyond standard security measures -- a guarantee against payment fraud -- and peace of mind.
In an era where financial security is paramount, Finexio Shield stands as a beacon of innovation and protection in the B2B payments landscape. By choosing Finexio, businesses gain access to state-of-the-art fraud protection and a guarantee against payment fraud, positioning themselves at the forefront of secure and efficient payment solutions.
As the B2B payments ecosystem continues to evolve, Finexio remains committed to empowering its partners and customers with cutting-edge tools like Finexio Shield, ensuring they stay ahead of the curve in fraud prevention and payment optimization.
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