Wire transfer verification software guide
Wire transfer verification software confirms that the person sending a wire is who they say they are, and that the payment is genuine. There aren't many on the market and for most banks, wire verification is still a manual job run through call centers, where staff phone the customer and confirm the details. Without software designed to automate this process safely, this is a slow grind, and it leaves gaps because checks happen at fixed points, so a fraudster can impersonate the customer, or talk the customer into sending money.