Finexio Shield
Secure Your B2B Payments with Unparalleled Fraud Protection. Eliminate Fraud Risk and Liability with Finexio's Vetted Supplier Network.
A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.
Payment Fraud Surging to Crisis Levels
Can your AP team keep up with fraudsters' rapidly evolving and sophisticated tactics?
80% of companies were targeted by payment fraud in 2023, a staggering 15-point increase from 65% in 2022 (AFP). Fraudsters are increasingly exploiting vulnerabilities in checks, ACH, and wire transfers, with Business Email Compromise (BEC) as the top threat.
41%
of victimized organizations hit by fraud
75%
or more failed to be recovered
30%
recovered nothing (AFP)
60%
of all organizations take weeks or more to even discover fraud
The Crippling Costs of B2B Payment Fraud
Beyond immediate financial losses, payment fraud causes:
- Severe reputational damage and loss of trust from suppliers/partners
- Major supply chain and operational disruptions
- Burdensome recovery costs and wastes AP time/resources
How much is just one fraudulent payment costing your business?
Why Your Current Fraud Controls
are Failing
Manual Callbacks
Manual callbacks and approvals are time-consuming and error-prone, still leaving you exposed.
Positive Pay
Increasingly clever fraudsters easily circumvent positive pay, blocks, and filters.
Reliance on Team
Your AP team, juggling many priorities, is ill-equipped to keep pace with ever-changing fraud threats.
Result
Your AP team is ill-equipped and juggling many priorities. Your business remains vulnerable to potentially catastrophic fraud losses.
Stop Exposing Your Business to Unnecessary Risk
Payment fraud losses are no longer a question of "if" but "when." Why leave your company vulnerable when you can outsource risk for a nominal fee?
Current Process
Slow, inefficient, and risky with an
80% fraud exposure.
Finexio Shield
Faster payments with zero fraud liability.
100% secure.
Now You Can Eliminate Fraud Risk with Finexio Shield
Comprehensive fraud/liability protection for all virtual card and ACH payments in the Finexio network
Covers up to $1M per incident - finally giving your AP team peace of mind
3bps fee on spend is a bargain for bulletproof payment security
Finexio assumes fraud risk by extensively vetting suppliers through a rigorous insured process
How Finexio Shield Works
Approve Payment
Your AP team submits payment to Finexio without worry
Supplier Validation
Finexio vets supplier and ensures validity
Send Payment
Finexio executes secure payments to the supplier
Zero Fraud Liability
Finexio absorbs fraud loss
Results
100% secure fraud-proof payments without risk or effort for your AP team.
The Finexio Shield Approach to Payment Security
Insurance-Backed Guarantees
- Comprehensive protection against fraud and liability
- Leading insurers to provide the highest level of assurance
Rigorous Vetting & Onboarding Processes
- Comprehensive account verification and identity confirmation
- Maintain a trusted network of verified suppliers
Real-time Transaction Monitoring & Anomaly Detection
- Advanced AI and data analytics to identify suspicious activities
- Proactive detection and prevention of fraudulent transactions
- Minimizes financial losses and operation disruptions for clients
Tech Stack Powered by AI
- Keeps ahead of evolving fraud tactics and schemes
- Distinguishes between legitimate and fraudulent transactions
- Continuous learning of fraud detection algorithms through data analysis and pattern recognition
AI Technology is Key to Reduce Risk & Increase Efficiency
Payment Security
Finexio leverages best-in-class Algorithms purpose-built for real-time fraud detection, including:
- Real-Time Transaction Monitoring
- Sanctions Screening and Watchlists
- Bank Account Validation
Payment Delivery
Leverage accurate payment data and dynamically identify delivery data to prevent payment exceptions and delays.
- Finexio payments have an exception rate of less than 2%
Supplier Management
Finexio’s AI model predicts key outcomes for electronic payment conversion, including virtual cards, diving the highest possible payment monetization.
Less Burden
Unburdens your AP team - no more wasted time vetting suppliers or stressing about fraud.
Eliminate Checks
Enables significantly faster, smoother payment process by removing manual checks.
Secure Payments
Provides your company a major competitive edge with more efficient, secure supplier payments.
Peace of Mind
Priceless peace of mind that your business is protected from potentially devastating fraud losses.
Get Finexio Shield Now Before It's Too Late
Act Now
Act now to implement this essential anti-fraud armor for your business
Seamless Onboarding
No disruptions to existing AP processes or supplier relationships
Dedicated Support
Dedicated Finexio support to enroll suppliers and scale your secure payment network
Avoid Damage
Avoid the devastating financial and reputational damage of just one successful fraud attack
Let Finexio Shield Your AP Payments from Mounting Fraud Threats and Enable Faster, Secure Payments.
Contact us today to eliminate fraud risk and enable faster, secure payments.
