Business-to-business (B2B) payments are transforming as companies of all sizes swap checks and traditional payment methods for real-time payments, embedded finance solutions and banking-as-a-service (BaaS) products. Adopting these quicker, more efficient methods has been swift — with 41% of U.S. businesses now using real-time payments...
Fraud is both costly and common. In the last two years, 52% of companies with at least $10 billion in revenue experienced some sort of fraud, according to a 2022 survey. For 1 in 5 of these companies, the most expensive fraud attack costs more...
Corporate fraud and corruption have risen since 2020, as the digital transformation that accompanied the pandemic opened new opportunities. New channels for workflows have left companies playing catch-up with oversight and governance, and greater reliance on remote work presents added opportunities for digital infiltration. The...
There is more than one way to commit B2B payments fraud. But in this week’s B2B Data Digest, a roundup of the latest cases reveals all roads lead back to the invoice. Whether it’s the Business Email Compromise or a scheme to avoid customs duties,...
February 28, 2023
Business-to-business (B2B) payments are transforming as companies of all sizes swap checks and traditional payment methods for real-time payments, embedded finance solutions and banking-as-a-service (BaaS) products. Adopting these quicker, more efficient methods has been swift — with 41% of U.S. businesses now using real-time payments in some capacity, according to a PYMNTS report — and […]
January 18, 2023
Fraud is both costly and common. In the last two years, 52% of companies with at least $10 billion in revenue experienced some sort of fraud, according to a 2022...
November 01, 2022
Corporate fraud and corruption have risen since 2020, as the digital transformation that accompanied the pandemic opened new opportunities. New channels for workflows have left companies playing catch-up with oversight...
