Beneficiary Checks provides fraud teams with a secure communication channel to connect and verify concerns around potentially fraudulent payment transactions such as APP fraud, money muling or first party fraud. 

When an inbound or outbound payment transaction raises fraud concerns, send a Beneficiary Check in the Cifas Portal to the other payment provider. 

Receive a response within 24 hours with the information they know about their customer and payment. This will help you decide whether to release the payment, investigate further or take immediate action. 

You will also receive checks from other payment providers where they have identified a payment where one of your customers could be a victim or perpetrator. 

Manage and view your checks and queue status all within the Beneficiary Checks area in the Portal. No integration is required. 

The value of Beneficiary Checks 

Comply with the PSR joint liability requirements
Prevent fraudulent payments moving between facilities to prevent APP fraud

Support consumer duty requirements
Act quickly to protect a potentially vulnerable customer and provide customers with payments under investigation a swifter resolution.

Reduce your APP fraud reimbursement costs
Beneficiary Checks helps payment providers with the repatriation of funds to customers.

Save fraud investigators time
Beneficiary Checks has replaced and digitised the telephone check process