Publications

This success story demonstrates how peer-to-peer learning supported by PEMPAL Treasury Community of Practice (TCOP) helped to disseminate the risk-based approaches in payment authorization and processing. To raise the effectiveness in treasury controls, Georgia implemented Green Corridor project – a technical solution that allows for automatic authorization and processing of low-risk payments by the treasury. Following the presentation of the project results at several PEMPAL TCOP events, other PEMPAL countries introduced similar risk-based approaches to payment authorization and treasury controls that enabled national treasuries to concentrate their efforts on high-risk transactions, improve timeliness in payment processing, and reduce fraud risks.