Fiserv launches electronic payments fraud prevention and sanctions screening solutions

fraud

Fiserv has announced a new real-time electronic payment monitoring capabilities to prevent fraud. The solutions protect clients from payments fraud and complement the enhanced SWIFT sanctions screening capabilities now available on the Financial Crime Risk Management Platform (FCRM).

SWIFT sanctions screening has been enhanced to leverage proven Fiserv SWIFT connectivity. Built on the Fiserv watch list and integrated with its anti-money laundering and fraud monitoring solution, the solution now supports all MT formats.

“These new electronic payment fraud prevention solutions provide an end-to-end method to effectively model, detect, intercept, investigate and resolve attempts to steal funds from customer accounts through electronic payments such as ACH, SEPA and wire,” said Tom Tobin, vice president and general manager, Financial Crime Risk Management, Fiserv. “Fiserv solutions leverage a common platform to protect against multiple kinds of financial crime risks across channels. This platform approach allows our clients to mitigate current financial crime concerns and tackle new ones as they are identified.”

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