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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain.

B2B 89
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P2P Payments Set The Stage For B2B RTP

PYMNTS

Is it prime time for real time, especially for B2B? The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. Where We Stand In The US.

RTP 78
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India Topples B2B Invoice Scam

PYMNTS

The accused allegedly tapped a network of 49 shell firms for the business to business (B2B) scam that defrauded the government. When it comes to B2B payment scams , it’s not only outsiders but entities’ own internal personnel that is often the cause of fraudulent activity.

Scams 52
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What is a B2B/EDI VAN?

Axway

On any given day, businesses exchange all types of data and documents with other businesses: a purchase order that creates an agreement for a sale, an invoice as a record and request for payment, and the list goes on. Considering …

B2B 52
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Understanding B2B Payments: Exploring Payment Methods and Key Terms

EBizCharge

To better understand what and who is involved in these transactions, this article will dive into common business-to-business (B2B) terminology and payment methods. What are B2B payments? These payments occur for various reasons, including purchasing raw materials, settling invoices, and procuring services.

B2B 52
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Amex Files Blockchain Faster Payment Patent

PYMNTS

Patent and Trademark Office released the patent application filed by American Express Travel Related Services Company, the payment technology firm’s travel unit, which outlines the use of blockchain technology to accelerate payments between two parties. American Express has been exploring blockchain technology for some time.

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Real-Time Payments Go Beyond The Need For Speed

PYMNTS

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. But she added that “we do lose a lot when we talk just about speed.” Eyeing Efficiency .