Gain assurance and support compliance initiatives with a suite of risk mitigation solutions designed for corporates and financial services firms.
Our solution prevents monetary loss by stopping fraud and error dead in its tracks.
A rules-based engine scans every payment file submitted through AccessPay, which is compatible with all domestic and cross-border payment types.
Potential threats and errors are flagged as soon as a payment file enters AccessPay to enable proactive investigation and suppress problem transactions from payment runs before they are routed.
Sanctions Screening is an integral component of our fraud and error prevention solution.
It mitigates the risk of fraud and bolsters internal AML measures by detecting accounts linked to financial crime.
We now enable the screening of beneficiary details against thousands of sanctions lists directly within AccessPay.
AccessPay supports Confirmation of Payee (CoP) checks, performing name checks against businesses and individual beneficiaries to ensure payments are sent to the correct account.
Confirmation of Payee is an essential layer of protection to help you reduce Authorised Push Payment fraud and eliminates the risk of payments being sent to the wrong account.
“We see AccessPay as a key partner to our overall Operational Resilience. It enables us to absorb a variety of their old processes and reflect their control environments. Unlike other providers, AccessPay’s single system makes controls even easier.“
Get in touch with one of our experts by completing our contact form.
Organisations using AccessPay are always audit-ready.
We significantly reduce the time it takes to prepare for internal and external audits by providing full audit-logs of every transaction across your banking estate so that you can remain financially compliant.
From full paper trails of every payment submitted, to a searchable transaction database of every bank account connected to AccessPay – which can easily be exported in preparation for your next audit.
“We have about 35 bank accounts integrated with AccessPay. We use it for BACS, Payroll if there’s a same-day payment to make, and our Accounts Receivable team will use it to call in any Direct Debits payments that they’re taking. So it’s well-used, by at least three different departments within the business.’“
We support publicly listed companies preparing for the introduction of UK SOX in 2024.
With a final deadline of 2025, we’re already aiding compliance for hundreds of UK-based firms.
With DORA impacting EU-based firms in 2025, we are able to plug the vulnerability gap when it comes to financial fraud.
Simplify compliance with SWIFT’s CSP attestations through the provision of a secure, managed connection.
Get in touch with one of our experts by completing our contact form.
Dive deep into the world of banking high security and learn how to mirror it within your business, leveraging decades of real-world banking & corporate finance experience from our speakers.
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AccessPay is compatible with any payment file format due to our in-built file transformation engine; which can process any common format like CSV, Standard18 & PAIN files alongside less common formats.
AccessPay can connect to any SWIFT member bank and supports direct connections to all tier 1 and 2 banks capable of supporting a host-to-host connectivity service.
We currently support host-to-host connectivity projects with Barclays, HSBC, JPMorgan, Citi, RBS, Societe Generale, Lloyds, Standard Chartered and many more.
AccessPay doesn’t charge transaction fees. Instead, we operate on a flat, annual subscription model, plus a one-time professional services fee of 25% to cover initial set up costs.
Your bank will also charge separate fees for initial set up and maintenance on their end.
For more information, visit https://accesspay.com/solutions/payment-controls/
There isn’t a limit on the number of connections we can manage for you.
If you require multiple bank connections, we will work with you to scope out a phased project plan that meets your timescales and requirements.
AccessPay can connect to all of the finance applications you use to generate payment files or input transaction data in to via a choice of sFTP or API.
Access to our API documentation is available on request.
At AccessPay, we’re committed to helping you de-risk your financial operations and enhance your internal control mechanisms.
Complete the form to schedule a free consultation with one of our bank connectivity specialists.
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