Name: PaymentWorks
Rating: 1 (1 reviews)
Author: PaymentWorks

Digital Adoption

Help Desk

Web and Video Conferencing

Customer Support

Software Configuration Management

WebOps

Development

Higher Education

Education

Business Intelligence (BI)

Collaboration

File Sharing

Streaming Analytics

Visual Collaboration

VoIP

Enterprise

Accounting

Payment Orchestration

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Engagement

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Bug Bounty

C/C++ Integrated Development Environments

Cloud Storage

Data Recovery Service

Database Management

Enterprise Architecture Management

Fraud Detection

Hadoop-Related

High Availability Cluster

Identity Governance and Administration

Integration Platform as a Service (iPaaS)

IoT Security

MLOps

Network Performance Monitoring

Network Virtualization

Non-Relational Databases

Process Mining

Session Border Controllers

Threat Hunting

Web Access Management

Web Portal

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Consumer Ratings & Reviews

Content Management

Customer Reference Management

Demand Generation

Email Marketing

Email Testing

Local Listing Management

Marketing Automation

Personalization Engines

Retail Media Advertising

SMS Marketing

Social Media Management

Survey & Forms Building

Video

Web Analytics

Marketing

Project Management

Prototyping

Professional Services

Conversation Intelligence

Customer Relationship Management (CRM)

Multichannel Retail

Sales

Insurance Underwriting and Rating

Library Management

Medical Billing

Military and Defense

Moving Software

OSS/BSS (Operations Support/Business Support)

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

ClickGUARD

Forter

Sift Digital Trust & Safety Suite

Sift Science, Inc

Riskified

Kount, an Equifax company

NICE Actimize

NICE Systems

SEON. Fraud Fighters

SEON Technologies

Signifyd Commerce Protection Platform

Signifyd

NameScan

CGI HotScan360

PaymentWorks is a Vendor Master Data Management and Supplier Onboarding Software that aims to streamline and automate the vendor onboarding process. According to the vendor, this solution is suitable for small, medium, and large enterprises across various industries and professions, including procurement and supply chain management, finance and accounting, risk and compliance management, vendor management, and higher education institutions.

## Key Features

**Vendor Master Data Management**: According to the vendor, PaymentWorks provides a centralized repository for vendor data, allowing organizations to capture and update vendor information in real-time. It is designed to streamline the vendor onboarding process and automate data checks for accuracy.

**Supplier Onboarding Software**: The vendor claims that PaymentWorks offers a digital supplier onboarding process that ensures secure and compliant vendor data collection. The software is said to facilitate automated approval workflows and allows for the capture of necessary documents and information during submission.

**Automated 3rd Party Checks**: According to the vendor, PaymentWorks automates the verification of tax ID and addresses, reducing the need for manual verification and potential human errors. It is also claimed to perform sanctions list checks during onboarding and throughout the vendor lifecycle.

**Onboarding Tracker®**: PaymentWorks is said to provide real-time visibility into the onboarding process, eliminating inquiries about the status of vendor onboarding. According to the vendor, it aims to expedite processing times with support and reporting features, enhancing efficiency and transparency.

**Compliance and Security Checks**: According to the vendor, PaymentWorks includes comprehensive compliance checks during onboarding and continuous monitoring of sanctions lists. It is designed to ensure adherence to regulatory requirements and mitigate risk, helping organizations maintain compliance and protect sensitive data.

**Approvals and Audit Trails**: PaymentWorks claims to offer automated approval workflows with timestamps, simplifying the approval process and reducing manual effort. The vendor states that it also provides clear audit trails for compliance and accountability.

**Payment Security**: According to the vendor, PaymentWorks enables secure capture and storage of vendor banking information, aiming to reduce the risk of payment fraud and unauthorized changes. It is designed to safeguard the sensitive financial data of both the organization and vendors.

**Automated Data Checks**: According to the vendor, PaymentWorks performs automated checks for tax ID and address accuracy, flagging red flags for review and approval. This feature is claimed to ensure data integrity and reduce the potential for errors.

**Support and Reporting**: PaymentWorks is said to provide dedicated support for expedited processing times, aiming to ensure a smooth onboarding experience. According to the vendor, it also offers reporting capabilities for tracking and analyzing vendor data, enhancing visibility and transparency in vendor management processes.

ClickGUARD is a fully automated protection tool that enables businesses to run secure pay-per-click campaigns. The software can eliminate unwanted clicks on your PPC ads, help to clean up your traffic, and optimize your budget for your target audience.

F5 Distributed Cloud Bot Defense (formerly Shape Defense, acquired January 2020) provides security to protect a website from bots, fake users, and unauthorized transactions, preventing large scale fraud and eroded user experiences. Companies get visibility, detection and mitigation outcomes to reduce fraud and cloud hosting, bandwidth and compute costs, improve user experiences, and optimize their business based on real human traffic.

F5 Distributed Cloud Bot Defense

PaymentWorks

Fraud Detection Software, and Risk Management Software, are systems designed to detect and prevent fraud in real time and secure web, mobile, and phone transactions. These platforms are tailored to the needs of financial institutions and also retail organizations who sell online, and may vary in scope along the needs of their intended users.

Education Management

Likelihood to Recommend

Usability

Fraud Detection Software Features

Anomaly Detection

Timely Monitoring

ID Verification

User Interface

Features related to products that help users with fraud detection.

The software uses advanced algorithms to identify patterns of behavior that deviate significantly from the norm, enabling detection of fraudulent activities.

The system constantly monitors transactions and activities as they occur, providing immediate alerts for any suspicious or potentially fraudulent behavior.

The software incorporates robust identity verification mechanisms such as KYC (Know Your Customer) processes and multi-factor authentication to ensure the legitimacy of users.

Data Analysis and Pattern Recognition

Utilizing machine learning techniques, the software analyzes large volumes of data to identify patterns and correlations that may indicate fraud.

Rule-based Alerts

The system can be configured to generate alerts and notifications based on predefined rules that indicate suspicious or fraudulent behavior.

Investigation Tools

The software provides tools and workflows to manage and investigate potential fraud cases, allowing users to document findings, collaborate, and initiate appropriate actions.

External Data Integration

The system can connect with external databases, APIs, and third-party services to gather additional information and enrich the fraud detection process.

Compliance and Regulatory Support

The software incorporates features to help organizations meet compliance requirements and adhere to regulatory frameworks in the context of fraud prevention and detection.

The software provides an intuitive and easy-to-use interface with interactive dashboards, allowing users to quickly navigate, access relevant information, and take necessary actions.

Oracle Analytics Cloud

SAP Data Intelligence

PaymentWorks 2025-01-23 09:10:53

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Fraud Detection Software

If you only work with domestic
US Banks and US citizens this might be fine for your business. If you work with foreign
vendors this system will cause you nothing but trouble. The only available language is English. The banking information defaults to check
payments which take 45 days to arrive overseas. 
The software is poorly designed. The customer service agents are
non-existent. Service just refers
the customer back to the paying institution which cannot access any of the data
in PaymentWorks.

This has been the single worst software experience of my
30-year administrative career. Payees experience difficulty completing the
registration. They cannot understand how to enter the banking information. They
cannot understand the terminology. Foreign vendors request
check payments which take 45 days to arrive. People keep emailing me to ask when they are going to receive funds. Check payments cannot be tracked. I spend all my time at work now dealing with
angry vendors and the work never really gets “done”.

Software design especially in regards to entering foreign bank accounts
Customer service never really assists the customer
Admins are not notified when there is incomplete registration or problems with the information entered. We have to wait for the customer to contact us and by that time they are very angry and their payment is very delayed
The only language available is English. The tax forms are only available in English

Zero return on investment. It takes 3 people to do the work that one person used to be able to manage.
The only way that I can find out if there are problems is if the customer contacts me about non-payment.
Zero integration with our accounting software. New vendors have to be manually transferred from PaymentWorks to the accounting software. Updates to PaymentWorks have to be manually carried from one system to the other. There are no notifications when these processes have been completed

PaymentWorks

Overview

What is PaymentWorks?