Facebook owner Meta Platforms has chosen nsKnox to validate vendor bank accounts globally, and protect outgoing B2B payments against fraud.
nsKnox said its PaymentKnox™ for AP solution will help Meta provide its vendors with a more streamlined and secure process when onboarding or changing banking details. The solution protects Meta and its vendors against significant financial losses and reputational damage by validating vendor bank account ownership anywhere on the globe and preventing manipulations across every point of the payment transaction journey.
“We are proud and humbled to be chosen by Meta to provide our B2B payment fraud prevention solutions globally," said Nithai Barzam, President & COO at nsKnox. "We are excited about the opportunity to collaborate with Meta in streamlining and securing the vendor onboarding experience,“
Treasury Technology news from the experts at Treasury Dragons.