Comprehensive Security & Fraud Prevention Capabilities
A Trusted Cloud Platform for Global Payments Security & Intelligent Fraud Prevention
TIS provides a variety of workflows, tools, and technologies to prevent and detect payments and system fraud from both internal and external sources. In addition to multifactor authentication (MFA), single sign-on (SSO), and IP safe-listing and block-listing protocols configured for users during login, TIS incorporates robust payment approval and fraud screening workflows for any transaction generated or executed through our platform. This includes a Beneficiary Address Book (BAB) tool that ensures payments are only delivered to known and trusted parties. Furthermore, user actions taken within the system can be monitored and audited at any time, and suspicious activity will automatically generate alerts for further review. Finally, all data stored or transmitted through our platform is encrypted or hashed at every stage.
Highly Configurable User Privileges & Access
Users and user groups within the TIS platform can have customizable levels of access and privileges assigned to them for carrying out specific roles and functions while still adhering to segregation of duties protocols.
Multi-Approval & Workflow Segregation
For payments, TIS provides workflows to designate signers over specific accounts, regions, or for certain amount thresholds. Clients can also add multi-level approvals and segregate authority at each step in the process.
24/7 User & System Auditable Monitoring
User actions taken within the TIS system are monitored and audited at any time, and suspicious activity (i.e. logins from suspicious locations or irregular times) will automatically generate alerts for further review.
Customizable Beneficiary Safelists & Blocklists
For payments, clients can create designated safelists and blocklists of beneficiaries for suppliers, vendors, employees, banks, and more in order to ensure funds are only transferred to verified and trusted recipients.
Data Encrypted at Rest & in Transit
Across the TIS platform, all data is encrypted while at rest and in transit to ensure complete protection and integrity at every juncture. This includes banking, payments, and financial data, as well as user and customer information.
SSO & MFA Secure Login Options + IP Safelisting
To restrict system access only to verified users, TIS clients can deploy Single Sign On (SSO) via SAML and Multifactor Authentication (MFA) via physical and virtual tokens. IP safelisting can also be used to restrict access by IP address.
The Imperial Logistics Project
With its new payments platform, Imperial Logistics can monitor all firm-wide signatory rights, stopping fraud before it happens.
The OSRAM Project
The Enterprise Payment Optimization Platform offers OSRAM a central place to securely store accounts data and a tool to design workflows that can be tailored to the company’s needs.
The Swissgrid Project
Swissgrid chooses TIS as a future-proof payment solution with the highest standards in security and compliance.
“The fact that the TIS platform resides entirely inside the cloud means an even higher level of security. SAP directly transmits the encrypted payment files to the TIS server for further processing. This prevents malicious manipulation because the files are not on company servers.”Markus Stenkamp, Head of Treasury at Imperial Logistics
“TIS offers a ‘one stop’ solution for bank connectivity, which enables us to centralize and automate our payments. In the final project stage, we achieved complete transparency over bank account authorizations. Through global visibility over all account movements, we can better control corporate liquidity. With TIS, we have achieved a whole new level regarding control and compliance.”Katja Zimmermann, Head of Corporate Treasury at Heidelberger Druckmaschinen
“In the past, the diverse manual steps presented a potential source of risk and error. Since we introduced TIS, all our payment runs are fully automated and standardised, which makes our work much easier and increases efficiency. Given that Swissgrid is a system-relevant company in Switzerland, for us the security aspects of an Electronic Banking solution is highly relevant. TIS completely fulfils these requirements.”Andreas Lützelschwab, Head of Corporate Finance & Treasury at Swissgrid
Frequently asked questions (FAQs) about our security and fraud prevention tools
The TIS team regularly fields questions from CFOs, treasury, and finance practitioners regarding the use of our intelligent fraud prevention solutions and payment security capabilities. More information about components related to hosting, configuration, setup, reporting, integrations, and more are covered in the FAQs below. We encourage you to contact our team with any additional questions to ensure you understand exactly how our solution can be applied in your unique environment.