The Finance Weekly

APRIL 27, 2022

The risk of billing fraud is twice as high, as well as payroll fraud, and check and payment tampering is four times higher. cross-training your payroll associate and mandating the back-up to run payroll at least quarterly). Investing in cross-training can be a good way to address this issue (i.e.

Payroll 130

Payroll Risk Addressing Checks 130

PYMNTS

JULY 25, 2018

” Payroll is another popular target for fraudsters. “Organizations are now using measures, such as positive pay, to a much larger extent than before, after its use declined in 2016,” the AFP noted. Of course, BEC scams are far from the only payment fraud threats wreaking havoc on the enterprise.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

SEPTEMBER 26, 2016

“It almost becomes a new form of lending, where, as it becomes harder for businesses to get credit lines with banks or short-term loans to purchase inventory or make payroll, they need to find another source of cash — and find it fast,” the executive said. For a supplier, that can mean getting paid faster.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

Nanonets

MARCH 30, 2023

They are a cost-effective and reliable way to automate payments, particularly for recurring transactions like payroll or vendor payments. Positive Pay Files transmit a file of issued checks to corresponding banks daily, enabling verification of authorized payments.

Automation 52

Automation Transactions Wire Transfer ACH 52

Fintech Labs Insights

APRIL 12, 2022

Positive pay for all items. Payroll features (basic)*. Should-have features: Invoicing/bidding with embedded payments*. Lifetime statement/transaction archives. Dedicated banker(s) you know by name. Card processing*. Overdraft protection*. Credit/charge card*. Weekend customer service. Enhanced customer service*.

Small Business 15

Small Business Accounts Online and Mobile Banking Authentication 15