Remove 2013 Remove AFP Remove Email Compromise
article thumbnail

Breaking Down The Data Behind Record Levels Of B2B Payments Fraud

PYMNTS

The Association for Financial Professionals (AFP) came out with some scary statistics this month: B2B payments fraud is not only on the rise, but at its highest levels ever since the AFP began recording this information. But there are other ways the AFP found businesses are exposed to payments fraud, most notably through the BEC scam.

AFP 40
article thumbnail

Accountants Find Their Place In SMB FinTech Disruption

PYMNTS

The Association for Financial Professionals (AFP) released its 2016 Electronic Payments Survey earlier this year and found that use of paper checks in B2B payments actually rose 1 percent compared to 2013 levels. About 44 percent of payments received are in the form of a paper check too, the report noted.