Today in data, new research by PYMNTS finds that a majority of B2B firms were unhappy with the solutions they have for dealing with fraud.
Data
$438M: Amount of money lost to authorized push payment (APP) fraud in the U.K. last year
68%: Share of organizations that said they were “slightly” or “not at all” satisfied with their anti-fraud approaches
23%: Portion of merchants who say they undercount transactions they suspect are fraudulent
1 in 3: Number of B2B firms reporting they lost at least 3.5% in sales to fraud
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