Protect your core payment systems
Swift Payment Controls (PCS) can help you to detect payment anomalies that can be indicative of fraud affecting your institution, your customers or counterparties, or of an operational error.
Payment Controls screens outgoing Swift payment messages against rules you have configured based on your risk appetite and business needs. Alerting and blocking takes place in real-time, so you can intercept suspicious messages before they are released, preventing financial loss or reputational damage to your institution.
Payment Controls screens all your outgoing MT103, 202 COV and 202 payment messages, as well as their ISO equivalents. From August 2022, Payment Controls will leverage pseudonymised account information which has been shared by the Swift community to help users address additional risk-scenarios at the customer and account level.
Swift Payment Controls: Protecting your payment operations against fraudulent attacks
Manage risk policy to identify uncharacteristic payments
An additional level of protection
Payment Controls is an in-Swift network, out-of-band secondary control that provides an additional layer of protection to supplement existing controls in your back office.
Alert or block payment messages in real-time
Payment Controls monitors your traffic in real-time to block outlier messages before they are released or immediately alert you (depending on your preference).
Benefit from independent daily reporting
Payment Controls offers daily reporting on your incoming and outgoing payment transactions, based on Swift’s independent network reports, allowing rapid reconciliation and risk identification.
Payment Controls: book a demo
Book a demo with one of our sales experts and see Payment Controls in action.
Case studies
Case Study – Payment Controls, a “success story” for Khan Bank
Learn more about Payment Controls as a solution to help banks intercept suspicious Swift payments in...
Regional African bank protects connection to global financial system
Looking for a cost-effective and simple solution, a regional African bank took advantage of Swift Payment...
Investec drives positive change with Swift’s Payments Data Quality service
Investec Bank chooses Swift's Payments Data Quality Service
