Payment Fraud Prevention
& Security
Gain peace of mind that safeguards and controls are in place to protect your AP payments and that every transaction is going to your supplier, and not to a bad actor.
Payment Fraud Prevention
A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.
Fraud Prevention
Finexio has a zero-trust security model, meaning all payments are vetted. Gain peace of mind that safeguard controls are in place to protect your payments.
Account Validation Services (AVS)
Finexio validates bank account information changes to prevent unauthorized changes to your bank account and to your vendor’s bank account.
Know Your Customer (KYC)
Finexio performs KYC to verify the identity of each customer or business, to ensure trust that we are not doing business with bad actors.
OFAC Sanctions Screening
Finexio utilizes The Office of Foreign Assets Control (OFAC) programs to be proactive against money laundering, terrorist financing, and other fraud-related risks.
AML Compliance Transaction Monitoring
“Anti-Money Laundering” compliance provides automated, comprehensive, and consistent surveillance of all transactions across our network and to efficiently detect, investigate and report suspicious activity.
Fraud Detection
Be confident that every transaction is going to your supplier, and not to a bad actor impersonating your supplier.
Leveraging Artificial Intelligence
Finexio uses purpose-built AI algorithms for real-time fraud detection, ensuring every payment is secure.
Leveraging Sanctions Lists and Data
Finexio cross-references sanctions lists, politically exposed persons (PEPs) lists, corporate data, and adverse media data sets to identify potential bad actors and fraud.
Fraud Recovery
Rest easy knowing specialized experts and tools are in place to protect and recover any potential fraudulent payments.
Human-in-the-Loop Process
Finexio has a team to identify and act on potential fraudulent activities and recover funds.
Specialized Tools
Finexio leverages best-in-class specialized fraud detection and AI tools to actively prevent fraud, so your team can have peace of mind.
Gain Visibility & Control
The Finexio Portal provides full visibility to track down the path of a payment and ensures that payment data is error-free and reliable for reporting.
Reduce Risk
Finexio ensures provided payment information is complete and valid in order to reduce risk and prevent late or dropped payments.
Prevent Fraud
Finexio validates billing information, ensures supplier banking data is protected and secured safely, and detects, responds, and eliminates inherent and residual money laundering, terrorist financing, and fraud-related risks.
Gain Payment Security
Finexio deploys security systems, processes, controls, and safeguards to ensure the integrity of Finexio's data processing systems and that effective safeguards and controls are in place.
Platform Cybersecurity
Companies trust partnering with Finexio because of our security-first approach to managing their payments and data. Our end-to-end framework includes SOC 2 certification, supplier verification, as well as organizational, platform, network, and database security.
Optimize to the Most Secure Payment Method
Virtual Card payments are known in AP to be the most secure, as they are one-time-use cards that do not require suppliers to provide banking information, drastically reducing the risk of fraud.
“We chose Finexio not just for the revenue share, but for the ease of making payments and the security of those payments.”
-Stephen Krieger, CFO at ViCon Construction, LLC
