FAQ: CyberloQ Secure™ Integration with PayOnward's Digital Payments Platform

What is the main announcement in this content?

CyberloQ Technologies is integrating its CyberloQ Secure™ multi-factor authentication system into PayOnward’s full suite of digital payment solutions to enhance security for credit unions and community-based financial institutions.

Why is this integration important for financial institutions?

Cyber fraud is one of the biggest challenges facing financial institutions, with impacts that go beyond financial losses to include business disruption, reputational damage, and harm to consumers’ lives, making enhanced security measures critical.

How does CyberloQ Secure™ provide transaction security?

It authenticates user identity on every transaction using a combination of location verification, unique one-time passcodes, and fingerprint, face, or voice biometrics to ensure only verified users can initiate financial activities.

What types of fraudulent activities does this integration help prevent?

It prevents fund diversion to fraudulent accounts, spoofed accounts receivable links, fake vendor creation and fraudulent bill pay, consumer account takeovers, and activities by rogue employees.

Who are the primary beneficiaries of this security integration?

Credit unions, community-based financial institutions (CBFIs), and their consumers who use PayOnward’s digital payment platform will benefit from enhanced protection against cyber threats.

When was this integration announced?

The announcement was made on October 21, 2025, according to the press release content.

What makes community-based financial institutions particularly vulnerable to cyber fraud?

Community-based financial institutions may be more vulnerable due to their size and levels of experience with sophisticated cyber threats compared to larger financial institutions.

How does CyberloQ Secure™ address the risk of rogue employees?

By implementing strong authentication protocols and location-based access constraints, it prevents unauthorized activities even from within the organization, including fraudulent actions by employees.

What are the key benefits for PayOnward’s clients with this integration?

Clients gain reduced fraud at the account and transaction level, increased confidence in customer and brand protection, and enhanced security against the costly consequences of cybercrime.

Where can I find more information about CyberloQ Technologies?

More information about CyberloQ Technologies, Inc. is available at their website: www.cyberloq.com