Payment Data Management
& Security
Payment and account information is securely collected, validated, encrypted, and stored.
Payment and account information is securely collected, validated, encrypted, and stored.
The Finexio Portal provides full visibility to track down the path of a payment and ensures that payment data is error-free and reliable for reporting
Finexio ensures provided payment information is complete and valid in order to reduce risk and prevent late or dropped payments
Finexio validates billing information, ensures supplier banking data is protected and secured safely, and detects, responds, and eliminates inherent and residual money laundering, terrorist financing, and fraud-related risks
Finexio deploys security systems, processes, controls, and safeguards to ensure the integrity of Finexio's data processing systems
Finexio validates bank account information changes to prevent unauthorized changes to your bank account and to your vendor’s bank account
Finexio performs KYC to verify the identity of each customer or business, to ensure trust that we are not doing business with bad actors
Finexio utilizes The Office of Foreign Assets Control (OFAC) programs to be proactive against money laundering, terrorist financing, and other fraud-related risks
An “Anti-Money Laundering” compliance program that allows Finexio to provide automated, comprehensive, and consistent surveillance of all transactions across our network and to efficiently detect, investigate and report suspicious activity
Finexio is committed to keeping your payments secure with bank-level security procedures.
Collected - Finexio reduces human error by taking on collecting sensitive supplier banking information.
Validated - Finexio completes bank account validation, performs Know Your Customer (KYC), conducts OFAC Sanctions screening, and AML Compliance Transaction Monitoring to prevent fraud and reduce risk.
Encrypted - Finexio ensures that sensitive supplier banking data is protected and stored safely
Stored - Finexio hosts, manages, and has database security backups within Amazon Web Services (AWS), and has security measures in place, such as platform security, email security, and database security.
Precise payment data for making fast and accurate payments
Payment data is always up-to-date and robust for reporting
Better supplier information to increase payment conversion
Finexio follows documented policies and procedures for supplier verification to keep our customers and partners secure.
-Stephen Krieger, CFO at ViCon Construction, LLC