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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.

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Accountants Find Their Place In SMB FinTech Disruption

PYMNTS

Paper checks for domestic suppliers, wire transfers for international ones. Most businesses and accountants still rely on antiquated, paper-based methods to manage some stages of their process,” he said in an emailed interview with PYMNTS, pointing to the continuing popularity of checks and wire.

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Supplier Acceptance An Unavoidable Hurdle In vCard Adoption

PYMNTS

The Association for Financial Professionals (AFP) found in a 2017 report that nearly a quarter of businesses saw their corporate card products – including commercial cards, fleet cards , T&E cards and others – targeted by a fraud attack, either attempted or actualized. .