Against the external fraud:
- Your funds are accessble only via Carment Web-platform or Seamless integrated APIs (if enabled). No one except your team can see available funds at Carment and can initiate payment transactions
- Each your customer is validated by the Carment KYC procudure including OFAC, PEP, sanctions lists, government checks and others.
- Robust fraud monitoring tools are available to detect suspicious behaviour and block the payment transaction
Against the internal fraud:
(two persons engagement/approve)
- Managers can only request payment transaction
- Senior managers must review and approve the payment transaction by typing One-Time-Password
- Transactions initiated by a senior manager must be approved by another senior manager
(risk mitigation):
- Spending limits are defined against multiple factors (locations, payment types)
- Automated fraud monitoring tools block payment transactions and notify you immediately. Carment fraud team will contact your team ASAP.