Remove AFP Remove Mitigation Remove Risk Mitigation
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Unlocking Paper Checks’ Potential With APIs

PYMNTS

According to the AFP, 71 percent of businesses have experienced actual or attempted check fraud. One of the issues with this approach [to RDC] is that there is no way at the point of presentment to engage some of the sophisticated risk mitigation tools that are available across those different channels,” Ballagh said.

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Threats, Risk Coming At Businesses From All Sides

PYMNTS

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Risk 43
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Payments Acceleration Shifts The Risks For Buyers And Suppliers

PYMNTS

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. In the U.S.,

Risk 42
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CFOs Failing Their Boards In Fraud, Risk Management

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More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. “The senior finance executives we surveyed made it clear that they know they need to do a better job of keeping their boards informed about this critical issue.”