Payment Data Management
& Security

All Payment, account, and supplier information is securely collected, validated, encrypted, and stored. Finexio is proud to include best-in-class payment data security as part of our AP Payments as a Service to all our customers.

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A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.

Why Payment
Data Management
& Security?

Avoid manual data entry, validating supplier account information, monitoring against fraudulent payments, and having to be a payments data storage and security expert. Finexio removes that hassle by being a true extension of your team, committed to keeping your payments meticulous and secure. 

Gain Visibility & Control

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

Reduce Risk

Finexio ensures provided payment information is complete and valid in order to reduce risk and prevent late or dropped payments

Prevent Fraud

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

Gain Payment Security

Finexio deploys security systems, processes, controls, and safeguards to ensure the integrity of Finexio's data processing systems

Payments Made Safely & Securely

Bank Account Validation Services

Finexio validates bank account information changes to prevent unauthorized changes to your bank account and to your vendor’s bank account

Know Your Customer (KYC)

Finexio performs KYC to verify the identity of each customer or business, to ensure trust that we are not doing business with bad actors

OFAC Sanctions Screening

Finexio utilizes The Office of Foreign Assets Control (OFAC) programs to be proactive against money laundering, terrorist financing, and other fraud-related risks

AML Compliance Transaction Monitoring

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

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Payment Data Storage
& Security Protocols

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.

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Data Cleaning & Enrichment

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 Supplier Verification

Finexio follows documented policies and procedures for supplier verification to keep our customers and partners secure.

Finexio verifies bank account changes against industry-leading tools to mitigate fraud risk

Finexio screens suppliers against OFAC and other high-risk lists to ensure compliance with regulatory requirements

Transaction monitoring capabilities provide immediate notification of high-risk payments

“We chose Finexio not just for the revenue share, but for the ease of making payments and the security of those payments.”

-Stephen Krieger, CFO at ViCon Construction, LLC