Protect your core payment systems
The nature and impact of fraud in the financial services industry has changed. Cyber-criminals are now targeting their attacks at the very heart of the institution, gaining control of the back-office and fraudulently sending payment instructions over the SWIFT network.
Successfully preventing such attacks is hard work. Banks need to monitor payments in real time and instantly take action if a transaction seems risky.
SWIFT Payment Controls makes it easy for you to mitigate fraudulent attacks by detecting and preventing high-risk payments and supporting recovery. It combines real-time monitoring, alerting and blocking of sent payments with independent daily reporting.
Manage risk policy to identify uncharacteristic payments
Payment Controls monitors the payments you send and can block these in real time to prevent fraud.
Define stronger policy to protect your operations
By understanding the patterns of payments you send over time, the system allows you to develop more effective and robust control.
Validate payment messages against SWIFT's network record
Robust business monitoring and reconciliation capabilities let you validate your internal records against SWIFT’s secure record of your payments.
[ebook] Preventing institutional payments fraud
Understanding the changing tactics used by fraudsters is key to prevention. Download the ebook and get the full picture on fraud risk.