boxorandyos

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How to verify payment requests

PURPOSE Verifying payment requests prevents fraud and mistaken payments. WHEN TO VERIFY Verify new vendors, changed bank details, urgent payments, unusual amounts, and requests that bypass normal approval. HOW TO VERIFY Use a known phone number, vendor master record, contract contact, or approved payment workflow. Do not rely on contact details inside the request. DOCUMENT Record who verified the request, when, and how. BEST PRACTICE Payment verification is cheaper than fraud cleanup.

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