Payment Fraud Prevention
& Security

Gain peace of mind that safeguards and controls are in place to protect your AP payments and that every transaction is going to your supplier, and not to a bad actor.

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

Fraud Prevention

Finexio has a zero-trust security model, meaning all payments are vetted. Gain peace of mind that safeguard controls are in place to protect your payments.

Account Validation Services (AVS)

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

“Anti-Money Laundering” compliance provides automated, comprehensive, and consistent surveillance of all transactions across our network and to efficiently detect, investigate and report suspicious activity.

Fraud Detection

Be confident that every transaction is going to your supplier, and not to a bad actor impersonating your supplier.

Leveraging Artificial Intelligence

Finexio uses purpose-built AI algorithms for real-time fraud detection, ensuring every payment is secure.

Leveraging Sanctions Lists and Data

Finexio cross-references sanctions lists, politically exposed persons (PEPs) lists, corporate data, and adverse media data sets to identify potential bad actors and fraud.

Fraud Recovery

Rest easy knowing specialized experts and tools are in place to protect and recover any potential fraudulent payments.

Human-in-the-Loop Process

Finexio has a team to identify and act on potential fraudulent activities and recover funds.

Specialized Tools

Finexio leverages best-in-class specialized fraud detection and AI tools to actively prevent fraud, so your team can have peace of mind.

Payment Security Simplified

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 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 and that effective safeguards and controls are in place.

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Platform Cybersecurity

Companies trust partnering with Finexio because of our security-first approach to managing their payments and data. Our end-to-end framework includes SOC 2 certification, supplier verification, as well as organizational, platform, network, and database security.

Optimize to the Most Secure Payment Method

Virtual Card payments are known in AP to be the most secure, as they are one-time-use cards that do not require suppliers to provide banking information, drastically reducing the risk of fraud.

“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