In the digital world of payments, security is imperative. XTRM provides advanced security features that help businesses protect their global payment operations while still being flexible and efficient. With powerful tools like approval policies, granular control, and entity segregation, XTRM gives you a comprehensive way to keep your business transactions safe.
Centralized Control with Segregated Entities
At the heart of XTRM’s security is its multi-tenant system, designed to manage global businesses with multiple regional entities. XTRM creates a Prime Entity—the master organization account that centralizes control across all regional subsidiaries.
Each subsidiary or regional entity can manage its own users, wallets, and financial processes while staying connected to the central Prime Entity. This allows for efficient control over each region’s financial data, payments, and users, while still maintaining global oversight. It’s like having separate bank accounts, but all connected under one master umbrella, simplifying compliance, reporting, and reconciliation.
Key Benefits:
- Single Organization Account: Manage your entire global operation under one XTRM Prime Entity account.
- Multiple Entities: Set up regional subsidiaries that manage their own wallets and services.
- Granular User Control: Allow specific users access to only the regions or wallets they need, reducing risk and improving security.
Granular Control Over Users and Wallets
XTRM’s role-based access ensures that only authorized individuals can perform certain tasks. Through a flexible system of user roles, businesses can assign varying levels of access to their employees based on their responsibilities.
Roles and Access:
- Master Admin: Holds the top level of control, usually someone with financial signatory authority at headquarters. This person sets up the Prime Entity and can delegate tasks to regional managers.
- Entity Managers: Can control the wallets, payments, and users for their specific regional entities, without affecting other parts of the organization.
- Granular Access: Limit access to specific wallets or payment services based on the user’s role, ensuring that only the right people handle sensitive information and transactions.
Approval Policies for Secure Transactions
XTRM’s approval policies offer an additional layer of security by allowing businesses to implement maker/checker systems. This means that for critical actions, like transferring money or linking bank accounts, a second person (the “checker”) must approve the transaction.
Approval Policy Examples:
- Creating Wallets: Control who can create wallets at each regional level.
- Wallet Transfers: Set up approval tiers to ensure that wallet-to-wallet transfers require secondary approval.
- Linking Banks and Cards: Securely link bank accounts and debit cards with secondary approval to prevent unauthorized actions.
- Transfer Initiation: Set approval thresholds for money transfers, so higher amounts require additional approvals.
These customizable policies allow businesses to create the perfect balance of flexibility and security, ensuring that critical transactions have the oversight they need while still moving efficiently through the approval process.
Effortless Compliance and Reporting
One of the standout benefits of XTRM’s security features is the ability to streamline compliance. With the ability to segregate entities and assign user roles and policies, businesses can ensure that their operations comply with international financial regulations and company requirements.
Additionally, XTRM’s security system simplifies reporting with a consolidated view of all payments and wallets. This makes reconciliation faster and more accurate, saving businesses time and reducing the risk of financial discrepancies.
Strengthen Your Payment Security with XTRM
XTRM has strong security features that help businesses operate globally with confidence. These features allow you to control who can access what and ensure that sensitive transactions go through a thorough approval process. This way, XTRM protects your global payments while still providing the flexibility your business needs.
Ready to strengthen your payment security? Experience the power of XTRM’s secure, scalable platform today. Learn more when you book a call with our sales team.
