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Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding

PYMNTS

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic. We hope others will find a way to do the same.”. It will help them deliver digital access to the critically needed SBA guaranteed funding programs, Bottomline said.

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Brexit Raises The Stakes For B2B Payments Fraud

PYMNTS

In this week's B2B Data Digest, PYMNTS breaks down the numbers behind the latest cases of fraud, including the growing risks of small business loan fraud, a case of expense fraud, and the ever-persistent Business Email Compromise risk intensified by Brexit uncertainty.

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SEC Appoints Small Business Capital Committee Members

PYMNTS

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. It succeeds the Advisory Committee on Small and Emerging Companies, which ceded operation in 2017.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Paying closer attention to suspicious emails. 149,000: the average cost of a data breach for a small-to-medium sized business , according to AppRiver.

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B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

Separately, researchers at Agari are warning of Silent Starling, the newest cybercriminal ring using a Vendor Email Compromise (VEC) scam to steal company cash from supply chains. “VEC is the next evolution of business email compromise. . “VEC is the next evolution of business email compromise.

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COVID-19 Scams Target The Business Community

PYMNTS

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. Reports in The Wall Street Journal said the latest pandemic relief package allocates $284 billion in PPP loans for small businesses. But new concerns are mounting over the U.S.

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Email Fraudsters Take Advantage Of Coronavirus Opportunity

PYMNTS

has been accused by federal prosecutors of “one of the most extreme abuses of trust,” allegedly stealing from small businesses, corporates and nonprofits between 2009 and 2015 in the Philadelphia area. Six years of alleged fraud saw one payroll firm accused of stealing millions of dollars , according to The Philadelphia Inquirer.