PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment.

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PYMNTS

MARCH 12, 2020

And while a SMBs might adopt a tool like Zelle or RTP for the sake of meeting their consumers’ payment needs, Reuter said SMBs find significant value in key features like Request For Payment to be able to streamline receivables and obtain a holistic view of incoming cash flows.

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Nanonets

SEPTEMBER 1, 2023

The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. However, these modern payment options require trade-offs between speed and costs.

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PYMNTS

NOVEMBER 6, 2017

According to the publication, scammers using the BEC, in which a fake invoice is sent to a company with request for payment, have stolen “large sums of money” from art galleries in the U.K. Attackers are doing the same when galleries make payments to artists, reports added.

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PYMNTS

NOVEMBER 18, 2019

Unlike the BEC, the VEC scam involves a cybercriminal infiltrating a vendor’s email account to send a request for payment (whereas the BEC scam often involves fake, although similar, email addresses and messages). Hassold provided a public comment on the vendor email compromise scam.

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PYMNTS

JULY 20, 2016

The email requests a wire transfer for goods or services, with a convincing enough note to not raise suspicion, and then, payment is made. According to reports published on Tuesday (July 19), Hong Kong is the epicenter of these business email scams, with fraudsters already nabbing (or attempting to steal) $3.1

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EBizCharge

MAY 15, 2024

This invoice serves as a request for payment. Payment Terms: Before the transaction occurs, both parties agree on payment terms, including the payment due date, acceptable payment methods, and any discounts or penalties for early or late payment.

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