Best Practices for Implementing Payment Controls that Protect Accounts Payable

Posted by Scott Siegler, Content Marketing Manager, MineralTree
Fraud attempts are only getting more elaborate, especially in the world of B2B payments. Whether you are a large corporation, small business, nonprofit organization or even a political campaign, payments fraud is on the rise. The AFP’s annual survey reveals an increase in the prevalence of fraud for the fifth consecutive year, with 78 percent of businesses impacted by fraud last year.
[CENTER]Photo: Association for Finance Professionals[/CENTER]B2B payments fraud is also getting attention from IT teams as it becomes more common. In fact, 85 percent of security professionals