Glacier Flow, an online payment platform that reduces fraud risk, announced the release of Wire Instructions Verification (WIV), a product designed for settlement firms who need to transmit wires with confirmation that they are being sent to the correct destination bank account. Verifying wire instructions without delaying transfers, or exposing them to fraud risk, has long been a problem for settlement businesses. By providing a secure online portal where settlement agents can compare financial data obtained from Glacier Flow with requested wire instructions, WIV speeds this process and enables agents to check for anything suspicious or inaccurate.
Glacier Flow Launches Wire Instructions Verification Product to Ensure Safe and Accurate Wire Transfers
