The Right Components for Secure and Compliant Global Payment Processes
ABOUT DRÄXLMAIER
DRÄXLMAIER is an automotive supplier of innovative wiring systems, battery systems, modern electrical and electronic components, as well as exclusive interior. Founded in 1958, this family-owned company supplies premium car manufacturers worldwide. Its customers include car manufacturers such as Audi, BMW, Jaguar, Land Rover, Maserati, Mercedes-Benz, Porsche, and VW. DRÄXLMAIER generates an annual revenue of around 5.6 billion euros (as of 2023). The company employs over 70.000 people across over 60 locations in more than 20 countries worldwide.
PAYMENT PROCESSES UNDER ANALYSIS: COMPANIES TARGETED BY GLOBAL FRAUD ATTEMPTS
The automotive industry, as a high-revenue, globally operating industry with an extensive network of suppliers and business partners, is frequently targeted by fraud attempts. Publicly known damage cases among automotive suppliers have sometimes caused extraordinarily high financial fraud losses in the double-digit million range. In order to identify and resolve possible problems in payment processes, DRÄXLMAIER further expanded their already high internal security standards in payment operations: A central payment hub was implemented, which acts as an additional, system-supported security step for adherence to their internal guidelines and which further includes specialized solutions for fraud prevention and compliance.
To learn more about how DRÄXLMAIER enhanced their global payment compliance and security processes with TIS, download the full success story!
