Winning the fight against fraud: Enhancements that keep your program safe

Now more than ever, security is a must.

Commercial payments are evolving quickly, but fraudsters are keeping pace with it, employing techniques that make payments fraud a growing threat. To address this trend, several innovative features have been added in the past year to help you win the fight against fraud.

Source: AFP Fraud and Control Survey

 

Take advantage of these preventative solutions today:

Mobile App Enhancements - The Spend Net Transaction Manager mobile app is a powerful tool that helps prevent fraud by allowing cardholders to proactively manage their accounts. Now it's better than ever before, with enhanced biometric login features, including face-ID and fingerprint options, as well as navigation improvements that make the app easier to use.

Tokenization - For easy purchases at merchants who accept mobile payments, your cardholders can now initiate payments through Apple PayTM, Google PayTM, and Samsung PayTM. These tokenization services add convenience and a layer of security by masking the account number at the point of sale when the transaction is made, further protecting cardholders and sensitive company data from potential fraud.

Fraud Alerts - Your cardholders are now enrolled automatically to receive an alert by email, text, or phone call in the event that a potentially fraudulent transaction is identified in their account. Cardholders are asked to reply and verify whether the transaction is valid or fraudulent, or it may be required for them to contact us if we need to restrict further activity on their account.

Spend Net PayablesSM - lets you dynamically generate single-use virtual card account numbers with Exact Authorization that deliver much-needed control and security for automating supplier payments. For greater convenience, you can now invite your suppliers to self-enroll to accept virtual cards, ACH, or check payments, which allows them to provide their account information themselves, rather than putting the risk on you to control this sensitive information. 



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