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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.

resource
Factsheet: Payment Controls, take control of your payments

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.

Improve payment speed, transparency and reliability

Payment Controls: book a demo

Book a demo with one of our sales experts and see Payment Controls in action.

Case studies

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...

Case Studies

KYC Registry - Bank of America Merrill Lynch case study

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

Case Studies

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

Investec Bank chooses SWIFT's Payments Data Quality Service

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