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What We Do
Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
AP Automation AP Automation For Real Estate Payments Hub
Payouts Automation Payments Processing Receivables Automation Payments Hub
Paymode Pay Vendors Receive Payments Partner With Us
Connectivity Services Message Transformation & Enrichment Message Vault Risk Solutions
Connectivity Services Message Transformation & Enrichment Message Vault Payments Verification Payments Verification for Businesses
Global Cash Management Hub Digital Banking
Global Cash Management Hub
Who We Serve
Our Company
Plus five smart ways to prevent B2B payment fraud in your own business
It’s not hard to find stories about the devastating impact of accounts payable fraud. In fact, Strategic Treasurer notes in its 2022 fraud report that AP departments are the most vulnerable to email scams, with 73% listing it as their number one fraud concern. In 2023, businesses suffered $3.4 billion in business email compromise losses, per the NASDAQ/Verafin Global Financial Crime Report.
If it seems like payment fraud cases are increasing, it’s because they are. AP teams are more vulnerable than ever, with business email attacks shooting up nearly 23% in the last year alone. Fraudsters are becoming ever more resourceful and constantly crafting new ways to get ahold of critical data right under your nose, like:
The good news is that the more we know about these fraudsters, the better we can arm ourselves against their attacks.
Download this whitepaper to explore three real-life cases of how AP staff have fallen victim to fraud schemes and five steps you can take to prevent B2B payment fraud within your organization.
"While it's always important for your team to remain on guard when it comes to fraud, technology is your best weapon when it comes to protecting your business - and your cash," says Royce G. Morse, IOFM Managing Editor
Learn More