With data breaches and cybersecurity on everyone’s mind, Tailored Accounts would like to assure our clients that we take the security of your financial data seriously. That’s why, in 2010, we developed an in-house payment security tool called LastTick.
About LastTick
LastTick is a banking credential management tool that helps Tailored Accounts detect frauds or errors in EFT payments, bringing us peace of mind and confidence in processing fund transfers across multiple banking institutions.
Common Issues with EFT Payments
Most accountants, bookkeepers, and business owners spend hours cross-checking invoices with transactions to ensure the accuracy of the data. However, whether it’s because of the high volume of transactions that have to be processed or sheer human error, humans will always “miss something”.
For example, how many of us have accidentally paid the wrong amount or transferred money to the wrong supplier? Or, what happens when a hacker goes into your software and changes half of the supplier bank accounts to his accounts? Who remembers the bank account details of all their suppliers?
Benefits of LastTick
Every business owner worries about uncertainties in online transactions, be it fraud or accidental mistakes. With LastTick, Tailored Accounts guarantee that your bills are paid safely and securely.
Other benefits of LastTick:
So rest assured that Tailored Accounts has been investing in the security of your financial data from the very beginning.
Source: Tailored Accounts
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