PYMNTS

OCTOBER 7, 2019

An FBI inquiry into the allegations is centered upon claims of fraudulent spend within SEPTA and misuse of the authority’s procurement cards — a common source of internal fraud for both private and public entities. “VEC is the next evolution of business email compromise. . A New Twist On the BEC Scam.

Scams

PYMNTS

OCTOBER 10, 2018

One of the biggest problems with wire, particularly in the B2B payments space, is its target for fraud, and the Federal Bureau of Investigations (FBI) says instances of business wire fraud, commonly referred to as the business email compromise, are climbing. Thieves attempted to steal $5.3 counterparts are not available.

Wire Transfer

PYMNTS

SEPTEMBER 9, 2019

million has been returned to the City of Unalaska in the wake of an investigation by federal authorities into business email compromise (BEC) fraud. .” The tax department also is reportedly looking at how such activities might be addressed by the Indian Penal code.

Business Email Compromise

PYMNTS

SEPTEMBER 9, 2016

For example, faster file exchanges also mean that returns can happen more rapidly, reducing some fraud risks. 2016, according to the FBI. billion, the FBI reported. While faster payments require heightened awareness and preparation for potential risks, they also equip these companies with capabilities to mitigate some risks.

Same Day ACH

CB Insights

JULY 23, 2020

While many office workers are still working from home , others across the world are now beginning to return to their offices in person for the first time in months. However, in the US, 2 out of 3 workers still feel uncomfortable returning to the workplace, according to a Qualtrics study.

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