Better AML Instant Payment Screening Starts Here

Verify online and mobile payment transactions to identify potential risk and ensure expedient, secure and compliant processing.

COMPLIANCE BUILT BETTER™

Screen transactions in real time before they are sent to payees. Instant verification of mobile and online payments against internal and external reference data for quick and accurate decisions without compromising efficiency.

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Flexible setup to meet the needs of your firm. Configure screening rules and data selection and define reference data to meet the unique needs of your firm and your compliance program.

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Guaranteed 24-hour availability. Customers make payments around the globe and around the clock. 24-hour availability ensures no slowdowns in payment processing.

 

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EFFECTIVE AND EFFICIENT TRANSACTION CONTROL

Quick validation of mobile and online payments for even large volumes of transactions means no impact on the customer and your business. Average response time is .13 seconds.

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REDUCED FALSE POSITIVES

Flexible configuration options and intelligent algorithms enable highly precise real-time decisions to reduce the false-positive rate to a minimum.

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A COMPLETE VIEW OF AML/KYC COMPLIANCE

Combine AML Instant Screening with AML Transaction Monitoring, AML Instant Payment Screening and Know Your Third Party Screening for a detailed picture of your customer's financial behavior, financial circumstances and KYC compliance.

Compare data from your payment system with firm-defined reference data for instant prescreening of online and mobile payments for approval before release of payment.
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Review warnings that led to rejected payments later and option to whitelist them.

 

AML Instant Payment Screening recognizes recurring transaction partners and continuously monitors them for changes through reference data.

Generate a detailed audit trail and comprehensive activity reports.

The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.

Instant Payment Screening is part of MCO’s Know Your Transactions (KYT) solution suite.

Know Your Transactions (KYT) enables firms to address restricted trading, market manipulation, insider trading, customer suitability, fund mandate, anti-money laundering and other conflict scenarios on a single, integrated platform.

AML Instant Payment Screening Software to Prevent Fraudulent Online and Mobile Payments

MCO’s AML Instant Payment Screening software enables firms to quickly screen online and mobile payments in real-time before transactions are executed. With AML Instant Payment Screening, high-risk transactions can be denied in seconds, enabling financial institutions to reduce the risk of financial crime and fraud. By utilizing configurable screening rules and advanced algorithms, AML Instant Payments Screening screens mobile and online payments against global sanctions lists, EPE databases and internal data and within milliseconds, ensuring firms can maintain both regulatory compliance and the speed and convenience of online and mobile instant payment services.

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Be ready for the FinCEN RIA Final Rule with Risk-Based Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance

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Have Questions about Instant Payment Screening?

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