Payment Controls

Our new service monitors your in-flight transactions for out-of-policy and suspicious payments, proactively defending your business against fraud.

Introducing a new tool to guard against payment fraud: real-time, in-flight screening of transactions.

The growing threat of cyberattacks has never been more pressing. As an industry cooperative, SWIFT is committed to playing an important role in reinforcing and safeguarding the security of the wider ecosystem. We have launched the Customer Security Programme to improve information sharing throughout the community, enhance SWIFT-related tools for customers and provide audit frameworks.

As part of this programme, we are developing Payment Controls to help prevent fraudulent transactions. With Payment Controls, you’re immediately alerted to suspicious, high-risk or out-of-policy activity. The service has been specifically designed to initially meet the control needs of lower volume SWIFT institutions.

Read more on the Customer Security Programme

Screens transactions in real-time

Payment Controls screens your payments in-flight, before delivery. Flexible alerts can be tuned to flag, hold, release or reject suspicious transactions.

Easily configurable screening rules

Pre-configured screening rules and models have been developed in collaboration with the SWIFT community and can be tuned to your institution’s needs and policies. We’ll evolve our rules over time to meet emerging industry risks.

Proven model: independent, secure and easy to use

A hosted utility with a secure, web-based user interface, Payment Controls is independent of back-office systems and requires no integration. It’s based on the proven model of SWIFT’s Sanctions Screening, used by over 700 institutions world-wide.

Find out more about Payment Controls

Payment Controls provides a secondary payments safety net for your business.

Setting the standard in financial crime compliance

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Last update: 
3 October 2017

A theme-based brochure for compliance at Sibos

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Further reading

Find out how users are benefiting from our Financial Crime Compliance products and services.
Case Studies

Rabobank uses Payments Data Quality for FATF16 compliance, increased efficiency

Data-driven solution supports greater transparency and higher straight-through-processing rates

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Case Studies

Iccrea Banca - Case study

Iccrea Banca invests in SWIFT Sanctions Screening to enhance compliance programme

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Daily Validation Reports overview - Video

Learn how Daily Validation Reports can help you defend your institution against cyber-crime.

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