Top

Swift calling time on cybercrime with new payment controls

April 12, 2017

Swift has unveiled a new real-time payment controls service to add to its customers’ existing fraud controls.

The new fraud and cybercrime prevention service will enable its customers to screen their payment messages according to their own chosen parameters, “enabling them to immediately detect any unusual message flows before transmission”.

Yawar Shah, chairman of Swift, says it is a “direct response to our community’s request for additional services to complement and strengthen existing fraud controls”.

Read More on Banking Technology