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Secure Payments

Protect payments across a variety of applications, channels, and payment types

Anchor: Overview

The Challenge

Business payments complexity fueled by new payment methods such as API and account based payments, along with the increase in the speed of payments and volume of regulatory compliance requirements, is creating new risk surfaces for organizations across the globe. With fraudsters moving across channels and organizational silos to succeed in their attacks, it is proving increasingly difficult for organizations to reduce risk while maintaining a seamless customer experience.

Our Solution

Bottomline’s Secure Payments solution protects payments across a variety of applications, channels, and payment types. Whether it is one business critical application, channel and payment type, or a variety, our highly flexible and extensible platform delivers proven protection against payment fraud through advanced analytics of user behavior and transaction flows layered with intelligent machine learning, reducing risk for some of the largest corporations and financial institutions in the world.

Anchor: Resources

Video

Filling the Fraud Detection Gaps

Research Report

2018 Treasury Fraud & Controls Survey Report

Datasheet

Cyber Fraud & Risk Management: Secure Payments

Anchor: Benefits

Benefits

  • Dramatically improve visibility and reduce risk with cross-channel protection of your most critical payment types and applications
  • Significantly increase agility and accuracy to detect and act through technology infused with deep risk, compliance and payments expertise, including machine learning and transaction blocking
  • Improve investigative productivity and accuracy with integrated rich visualization and forensic tools
  • Easily and elegantly evolve your payment security program by selecting from a wide range of channels and payment types – quickly activate more as needed
74% of financial professionals reported that their companies experienced payments fraud last year  -  Source: 2017 AFP Payments Fraud and Controls Survey.
Anchor: Functionality
$5B – Domestic and international exposed dollar amount of business email compromise (BEC) last year -  Source: FBI Internet Crime Compliant Center (IC3) 2017

Functionality

  • Supports a broad range of applications (banking platforms, payment hubs, service bureaus, TMS, ERPs) channels (Online and offline) and payment types (ACH, Bacs, Bill Pay, Check, Fedwire, FileAct, ISO 20022, SEPA, SIC4, SWIFT)
  • Intelligently profiles the user activity of each account and detects deviations and alerts in real-time on suspicious activity
  • Detects fraudulent payments in real-time and blocks payments prior to release
  • Uses intelligent machine learning, rules based detection, and behavioral profiling for deep layered security that reduces fraud risk and decreases false positives
  • Comprehensive investigation center enables investigators to easily adjust scoring parameters, calculation methods, and thresholds
  • Fully integrates with Bottomline payments solutions to create a superior fraud detection environment
  • Learn more about the Bottomline Cyber Fraud and Risk Management platform

Other Bottomline Solutions Within Cyber Fraud and Risk Management

Compliance

User Behavior Analytics

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