The Hidden Costs Of B2B Payments Fraud

Automating Digital Identity Boosts Business Satisfaction With Fraud Tools With 98% of B2B businesses reporting fraud attacks last year, it is no surprise that identifying B2B fraud is cited as a top challenge. In the inaugural edition of “The B2B Payments Fraud Tracker®,” a collaboration with nsKnox, PYMNTS examines how automation of digital identity verification is boosting companies’ satisfaction with their anti-fraud platforms.
Inside the November Tracker
  • Pablo Molina, chief information security officer at Drexel University, tells PYMNTS how technology and collaboration with FIs helped him detect and prevent an attempted payments fraud scheme.
  • Invoice and payments fraud is an enduring problem for businesses, but its growth due to the pandemic has been astronomical.
  • B2B fraud gets less press than consumer-related fraud, but its identification tops companies’ list of biggest challenges.

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    B2B Payments Fraud

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