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From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction.
The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report. According to the AFP, an attacker will target the payment rail that is most commonly used by the victim to pay suppliers, thus, limiting suspicions.
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