AccessPay, a leading provider of secure corporate payment and cash management solutions, has announced the introduction of two important features, Confirmation of Payee and Sanctions Screening, to their comprehensive platform.

Confirmation of Payee is a new security measure implemented by AccessPay to help protect businesses and individuals from fraud and errors. This feature ensures that the payee’s name matches the recipient account name before executing a payment, reducing the risks of sending money to the wrong account or falling victim to payment fraud.

By conducting background checks against various international databases, AccessPay’s Sanctions Screening feature helps identify individuals and organizations associated with illegal activities or politically restricted entities. This screening ensures compliance with international financial regulations and combats money laundering, terrorism financing, and other financial crimes.

The Benefits of Confirmation of Payee and Sanctions Screening

AccessPay’s launch of these two vital features offers several benefits to businesses and individuals:

• Enhanced Security: With Confirmation of Payee, users can be confident that payments are directed to the intended recipients, reducing the risk of fraudulent transactions.
• Compliance: Sanctions Screening ensures businesses comply with international regulations and protects them from potential legal penalties.
• Time-Saving: AccessPay’s platform automates checks and verifications, saving users’ time and reducing operational costs associated with manual processes.
• Peace of Mind: With advanced security measures in place, users can have peace of mind knowing their transactions are secure and their interests are protected.

About AccessPay

AccessPay is a globally recognized provider of secure corporate payment and cash management solutions. With a mission to simplify global payments, AccessPay offers comprehensive platforms that enable businesses to streamline their processes, reduce costs, and enhance efficiency. Their innovative solutions encompass various financial management aspects, ensuring a secure and reliable experience for its users. The introduction of Confirmation of Payee and Sanctions Screening reflects AccessPay’s commitment to advancing security measures and compliance in the financial ecosystem.