One place for the story
The request, the customer's approval, the prepared payment, and the bank's decision come together in one record.
Wire fraud prevention
Compare the wire before the bank releases it
Connect what the customer authorized with the payment the bank is preparing to send. If the two no longer match, the bank can review the mismatch while its workflow still allows.
Wire fraud often crosses more than one system
The request, customer approval, prepared payment, and bank decision may live in separate records. Prevention gets harder when the team must rebuild that story after release.
A clear flag
If the wire no longer matches what the customer authorized, the reviewer sees it while the workflow can still pause for review.
Specific, not vague
The reviewer sees what changed, not only a general risk score.
A decision the bank can defend
The review, decision, outcome, and supporting records stay together for later investigation or dispute.
Fraud tools answer different questions
Authentication checks access. Risk scoring estimates suspicion. Case management organizes review. Rule of Record checks whether the final details still match what was authorized.
Before release
The bank sees a mismatch while it can still act, when its workflow allows.
During review
The reviewer sees what changed and the records behind it. The bank decides whether to allow, hold, investigate, or stop the payment.
After the decision
The request, review, outcome, and later changes stay together in one decision record.
Common questions about wire fraud prevention
These answers describe an operating approach, not legal advice or a promise that any control will prevent every loss.
What is wire transfer fraud?
Wire transfer fraud uses deception or unauthorized changes to redirect funds. The specific facts and legal treatment depend on the event and jurisdiction.
How can a bank reduce wire fraud risk?
Controls can include authentication, customer confirmation, payment-detail comparison, risk scoring, review holds, employee procedures, and incident response. The bank chooses the controls and makes the final decision.
What does Rule of Record add?
Rule of Record shows the bank when a payment no longer matches what the customer authorized, and keeps the bank's decision with the evidence for later review.