BELLIN, a global leader in technology for corporate banking and treasury has announced the introduction of a new feature for its BELLIN GTB Hub global transaction banking app that was first launched in November 2017.
The Verify-Your-Supplier feature represents a targeted approach to payment fraud, including Payment Diversion schemes, by providing companies and suppliers with an independent verification tool that enables them to store, maintain and verify account master data. This represents a “security-in-numbers” approach to curtailing fraud with the aim of engaging as many suppliers as possible and offering users a complete database that helps them cover all bases.
“Payment fraud is an issue that concerns all companies worldwide. And with everyone exposed, it seems only logical that we join forces in tackling it,” explains Miroslav Sokolovic, Senior Manager GTB Services at BELLIN. “The more comprehensive the accurate data...Read more