VIDEO - Protect Your Vendor Payments with the Authoriti Permission Code® Platform

Watch here 1:56



Account Paybles Teams: Protect Your Vendor Payments with the Authoriti Permission Code


THE PROBLEM

Cybercriminals are attacking organizations' vendor payments process using Business Email Compromise (BEC) and other simple scams. With BEC, criminals try to substitute payment information or submit phony invoices for payment.


The problem is getting worse every year. The FBI reported that losses from BEC alone exceeded $1.75B in 2019.


THE SOLUTION

Authoriti has developed a simple service that helps Accounts Payable teams eliminate vendor payment fraud. The Authoriti platform allows your vendors to generate a Permission Code PIN, which we call a "PC". The PC confirms your vendors' identity and transaction details. This allows you to pay them with confidence.


Here's how it works...


Step 1. Your vendors generate an invoice like they always do.

Step 2. They create a unique PC for the invoice, and submit the PC along with the invoice.

Step 3. The AP team validates the invoice against the PC and releases the payment.


THE BENEFITS

The Authoriti platform offers the following benefits to AP teams:


- Definitive confirmation that your vendor’s invoice is authentic

- Elimination of call-backs to vendors for verification

- Ease of use - for both you and your vendors Permission Code PINs provide strong control.


Unlike other one-time PINs, no one can intercept a PC and steal your identity. PCs only authorize the specific transaction they were generated for.


With the Authoriti Permission Code® platform, fraud is eliminated!


Copyright © 2020, The Authoriti Network, Inc. All rights reserved. The Authoriti A logo mark and Permission Code® are trademarks of The Authoriti Network.

ABOUT US

 

The Authoriti Network was founded in 2017 to create new ways of preventing identity theft, fraud, and misuse of data.  Our founders have significant leadership experience dealing with InfoSec at-scale in the world's leading financial institutions.  Authoriti develops the Permission Code® platform, which uses customer-originated Smart PINs to give businesses the confidence that every transaction is authorized.      

 

 

Copyright © 2018-2020, The Authoriti Network, Inc. All rights reserved.
The Authoriti logo and the Permission Code® platform are registered trademarks of The Authoriti Network. Empowering Transaction Security™, Eliminate Friction and Fraud™, Frictionless Security. Delivered.™
and the Authoriti "A" mark are trademarks of The Authoriti Network.

 

Contact | AboutPolicies         

 

 

 

  • LinkedIn Social Icon
  • Twitter
  • YouTube