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Informative Article | Management and Accounting | India | Volume 9 Issue 8, August 2020
Wire Positive Pay and Fraud Defender Mechanism for Secure Payment Transfer
Abstract: Banking technology introduces a Wire Positive Pay and Fraud Defender Mechanism designed to enhance the security of payment transfers. In an era where digital financial transactions are ubiquitous, the need for robust mechanisms to prevent fraud and unauthorized transactions is paramount. This proposed system combines the principles of Positive Pay with advanced fraud detection techniques to create a comprehensive defense against fraudulent activities in wire transfers
Keywords: Wire Positive Pay, Fraud Defender Mechanism, Secure Payment Transfer, Financial Transactions, Digital Banking Security, Multi - Factor Authentication, Machine Learning Algorithms, Real - time Monitoring, Anomaly Detection, Behavioral Analysis, API Integration, Regulatory Compliance, Customer Trust, Transaction Security, Adaptability in Banking Systems, Continuous Monitoring, Cyber Threats, Financial Fraud Prevention, Positive Confirmation Process, Resilience in Digital Transactions
Edition: Volume 9 Issue 8, August 2020,
Pages: 1558 - 1561