Manage Financial Compliance and Prevent Bank Fraud

Gain assurance and support compliance initiatives with a suite of risk mitigation solutions designed for corporates and financial services firms.

Get in touch

fraud-and-error-prevention-suite-video-thumbnail

We are proud to work with

How AccessPay supports
your compliance initiatives & prevents fraud

Account Name Verification

Learn more

Sanctions Screening

Learn more

Payment Screening

Learn more

 

Account Name Verification

AccessPay supports Account Name Verification checks, performing name checks against businesses and individual beneficiaries to ensure payments are sent to the correct account.

Account Name Verification 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.

Find out more

Confirmation of Payee software

 

Sanctions Screening

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.

Find out more

Sanctions Screening dashboard

 

Payment Screening

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.

Find out more

Payment-submission-dashboard

"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."

Stay ahead of the compliance curve with AccessPay’s Fraud & Error Prevention Suite

Get in touch with one of our experts by completing our contact form.

The benefits of AccessPay’s Fraud & Error Prevention Suite

Prevent monetary loss by stopping fraudulent payments

Support regulatory compliance and audits

Replace risky manual processes with secure payment controls

Preparing for internal and external audits

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.

Audit reporting

"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.’"

Explore our use cases

UK SOx
(Sarbanes-
Oxley)

We support publicly listed companies preparing for the introduction of UK SOX in 2024.

Learn more

FCA/PRA Operational Resilience Audits

With a final deadline of 2025, we’re already aiding compliance for hundreds of UK-based firms.

Digital Operational Resilience Act (DORA)

With DORA impacting EU-based firms in 2025, we are able to plug the vulnerability gap when it comes to financial fraud.

SWIFT Customer Security Programme (CSP)

Simplify compliance with SWIFT’s CSP attestations through the provision of a secure, managed connection.

Learn more

Support your compliance initiatives & prevent fraud with AccessPay’s Fraud & Error Prevention Suite

Get in touch with one of our experts by completing our contact form.

Our accreditations

Fraud & Error Prevention in Payments: A Multi-Layered Approach

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.

You’ll also learn:

  • Various facets of fraud, its impact, and the proactive steps taken by banks, all through the lens of real-life experiences and relatable scenarios
  • The crucial role tools like Payment Screening, Account Name Verification, and Sanctions Screening play in thwarting fraud attempts
  • How to breathe life into these strategies, making them relatable beyond mere products and features

Watch on-demand now.

Other resources

UK SOx is Coming – Here’s How Automation Will Help

UK SOx is Coming – Here’s How Automation Will Help

For some time now, the importance of SOx compliance has been evident in the United States and Japan ...

Building Operational Resilience in Financial Services with a third-party banking partner

Building Operational Resilience in Financial Services with a third-party banking partner

The importance of operational resilience within the financial services industry is more than just a ...

How to Identify Suspicious Transactions: Detect Risk and Fraud Within Your Financial Operations

How to Identify Suspicious Transactions: Detect Risk and Fraud Within Your Financial Operations

If you’re reading this blog, you’re probably someone that manages the day-to-day finance operati...

Introducing Sanctions Screening: A vital addition to AccessPay’s Fraud & Error Prevention Suite

Introducing Sanctions Screening: A vital addition to AccessPay’s Fraud & Error Prevention Suite

In our ongoing commitment to enhancing fraud and error prevention for our customers, we are thrilled...

Don’t risk it: Safeguard your business with Fraud & Error Prevention

Don’t risk it: Safeguard your business with Fraud & Error Prevention

Introducing AccessPay’s Fraud & Error Prevention Suite A recent report from UK Finance has...

Why UK SOx compliance demands robust controls for your payment processes

Why UK SOx compliance demands robust controls for your payment processes

The recent surge in UK SOx compliance, also known as the UK equivalent of the Sarbanes-Oxley Act (SO...

FAQs

Which payment file formats is AccessPay compatible with?

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.

Which banks does AccessPay connect to?

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.

What are the costs involved?

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.

What payment controls does AccessPay support?

  • Automatic upload and transformation of payment files
  • Automatic validation and authentication of payment files
  • Customisable approval workflows and strict user access management controls
  • Automatic file encryption and data masking
  • Real-time visibility over payment file statuses alerts specified users to files that require attention
  • Fraud and error detection
  • Sanctions Screening
  • Account Name Verification checks
  • Automatic audit trails

For more information, visit this page.

How many banks can Accesspay connect to in one instance?

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.

How does AccessPay connect to my back-office applications?

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.

 

Ready to explore how AccessPay can help your business?

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.

Complete our contact form ➜