| B2B Payments Fraud Tracker |
| Standard Chartered Woes Extend To Expense Account Fraud Standard Charteredâs ongoing investigation into various forms of misconduct has uncovered expense account fraud of an eye-popping nature. In the meantime, the AFP finds that 78 percent of organizations were hit by payments fraud last year â and, as always, fraudulent schemes abound, as some isolated cases show. |
| Businesses Can Have Their Identities Stolen, Too, Experts Warn Consumers lost nearly $59 million in 2016 because they had their identities stolen, and that figure is rising. Identity theft is now the seventh-largest crime in the U.S., and it's not just consumers at risk. A new report from the National Cybersecurity Society warns that business identity theft is spiking, too â and damages can be several times greater than those of consumer identity theft. |
| | Payment Rails | | Why Checks Are Still Golden For High-Risk Sellers High-risk merchants are often underbanked, and these sellers have challenged the financial services market to address chargeback risks. According to Thomas Skala, CEO and president of Genie Gateway, a digital approach to checks is an effective way to service high-risk merchants. Skala explains why, and discusses other ways to service these companies as checks fall by the wayside. |
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