PaymentKnox Reviews & Product Details

PaymentKnox is the solution for safeguarding all incoming and outgoing business payments from fraud and ensuring that each payment goes to the right bank account. It continuously verifies bank account details to prevent cyberfraudsters from ‘hijacking’ payments or accidentally sending a payment to someone on a global sanctions list. PaymentKnox for Accounts Payable introduces a technology-driven approach that enables organizations to minimize the risk of human error and prevent unauthorized payments. Account Validation - of domestic and international bank accounts through a unique combination of advanced technologies, rigorous validation techniques, and public and private database searches. Master Data Guard - provides an automated and highly secure verification process that ensures that master payee data is current, accurate, and hasn’t been tampered with. Payment Check - continuously scan and analyze payment transactions to ensure that every payment is made only to validated payees and accounts.