Fraud is everywhere, and fraud is on the rise. Last year, nearly 80% of organizations experienced payment fraud, per the 2019 AFP Payments Fraud and Control Survey Report, and the financial and reputational costs of that fraud can be enormous.
In this datasheet, we explore how Paymode-X protects businesses from payment fraud with leading security technology and best practices, including:
Account takeover prevention
Secure storage of critical bank data
Securing the payments process against outside threats
Reducing the risk of check fraud
Download this datasheet to understand how Paymode-X enhances payment security for organizations like yours.
Fraud Sector Guide: Understanding the Threat of Fraud and How to Prevent It
Payments fraud can be categorized into two sectors, internal and external. While external fraud such as social engineering and email account compromise is covered widely in the media, internal fraud including asset misappropriation and insider fraud is rarely acknowledged.
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