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“Sometimes, customers, especially in the mid-market space, are either not aware of the bestpractices or just don’t have the resources to administer bestpractices,” he said, pointing to the PositivePay tool to combat check fraud and to NACHA’s standards to secure ACH payments.
AP Automation solutions establish automated payment controls, including Segregation of Duties, Dual-Factor Authentication, and PositivePay Files, which prevent internal fraud and protect against account takeovers.
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