Exela Technologies Launches New Payment Detection and Verification System
March 05 2019 - 8:00AM
Exela Technologies Launches New Payment Detection and Verification
System
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA), a
location-agnostic global business process automation leader (“BPA”)
across numerous industries, debuted its new Confirmation of Payee
(“CoP”) solution at FinovateEurope 2019, Europe’s preeminent
fintech conference. Exela CoP helps detect fraud, verify and secure
payment processing and the confidentiality of payment details,
which are subject to human error, machine error, and fraud.
Exela CoP was created in response to customer feedback stemming
from the rise of real-time payments (“RTP”) in the U.S. and Europe.
Pay.Uk, the UK payments authority, proposed a CoP-type solution in
2018 as a means of fighting fraud and erroneous payments, with the
goal of giving end-users of payment systems increased assurance
that their payments are sent to the intended recipient. Exela works
with over 120 global banks, all whom place emphasis on improving
customer experience and payment integrity to combat an increasingly
fraudulent payment environment.
Exela CoP brings vital value-add functionality to Exela’s
Banking and Financial Services Suite (“BFSS”). By integrating CoP,
Exela’s banking partners are helping their end-customers reduce
exposure to phishing, impersonation or CEO fraud. Now, instead of
requiring a banking associate to research, refund, and redirect a
payment accidentally sent to the wrong recipient, the BFSS platform
can stop an erroneous transaction from occurring before it
happens.
“We are excited about the expansion of our global banking
solution with the launch of Exela CoP at FinovateEurope. We believe
this conference is a great place to demonstrate our unique, highly
secure payment solution technology,” said Vitalie Robu, President,
EMEA, Exela Technologies. “Our team will continue to explore new
technology-enabled solutions to improve the lives of our customers,
and work with global financial institutions to automate their
business processes.”
About Exela Exela is a location-agnostic global
BPA leader combining industry-specific and multi-industry
enterprise software and solutions with decades of experience. Our
BPA suite of solutions are deployed across numerous industries to
support mission-critical environments. Exela is a leader in
workflow automation, attended and un-attended cognitive automation,
digital mailrooms, print communications, and payment processing
with deployments across the globe. Exela partners with customers to
improve user experience and quality through operational efficiency.
Exela serves over 3,700 customers across more than 50 countries,
through a secure, cloud-enabled global delivery model. We are
22,000 employees strong across the Americas, Europe and Asia. Our
customer list includes 60% of the Fortune® 100, along with many of
the world's largest retail chains, banks, law firms, healthcare
insurance payers and providers and telecom companies.
Find out more at www.exelatech.comFollow
Exela on LinkedIn
https://www.linkedin.com/company/exela-technologies/Follow
Exela on
Twitter: https://twitter.com/exelatech
Contact: Jill Ransome, VP Marketing and Communications
E: jill.ransome@exelatech.com T: 203-360-4555
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