Libeo UK Limited is a private limited company incorporated in England and Wales with registered number 13668590 and with its registered office at 10 John Street, London, WC1N 2EB UNITED KINGDOM. Libeo is a distributor of Modulr FS Limited, a company registered in England with company number 09897919. Modulr FS Limited is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573).

How does Libeo make payments more secure?

  • Avoid fraud & reduce human error

Libeo automatically flags suspicious transactions and maintains an audit trail.

All payments are run through a fraud analysis based on multiple criteria to detect risky / unusual activity.

If the risk of a payment is identified as high (based on its fraud score), it can be blocked to prevent any fraudulent transactions.

  • Assign user payment rights and set up approval workflows

Libeo lets you assign user rights to keep track of who can/can’t view and/or authorise payments. You can create payment approval workflows to remove bottlenecks while keeping control.

This means that if a team member doesn’t have the rights to make payments, they will be limited to preparing payments for approval by another team member who has the right to pay. These user rights can be set by the account administrator.

  • Set the right to validate suppliers' bank details

Users without the right to add bank details will only be able to enter them and submit an approval request for a team member who has the rights to validate them. Only once the details are validated will the payment be processed.

  • Pay without bank login/card details

At Libeo, we care deeply about the security of your payments. The Libeo Wallet lets you make secure payments without having to store and enter online banking details and/or credit card details. Making wallet payments with Libeo requires you to top up your Libeo Wallet in order to make payments. For more information about this payment method, do not hesitate to check this article.

In order to set-up your Libeo Wallet, as per required by regulation, we will need to verify your business information and identity. This process is done only once during your lifetime at Libeo.

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