Payment Controls

Protecting your payment operations against fraudulent attacks

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.

Payment controls
Last update: 
9 May 2019

Factsheet: Payment Controls, take control of your payments

Take control of your payments, mitigate business and fraud risksIdentify and prevent fraudulent or out-of-policy...
PDF iconDownload (47.89 KB)
  • Collateral
  • Factsheets

Protect your payment operations against fraudulent attacks

Payment Controls - Know, See, DoProtect your payment operations against fraudulent attacks
Fraud control
2 min view

Protect your payment operations against fraudulent attacks

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.


Case Studies

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 Controls to monitor its outbound payments in real time.

PDF icon Download (39.66 KB)
Case Studies

KYC Registry - Bank of America Merrill Lynch case study

SWIFT’s KYC Registry provides added resource for correspondent banking client due diligence.

PDF icon Download (116.11 KB)
Case Studies

Investec drives positive change with SWIFT’s Payments Data Quality service

Investec Bank chooses SWIFT's Payments Data Quality Service

PDF icon Download (42.26 KB)