PSR Announces Plans To Make More Financial Firms Provide Confirmation of Payee
CoP is the name-checking service designed to prevent accidentally misdirected payments and APP scams; one million payments benefit from the checking service every day. In 2019, the PSR directed the UK’s six biggest banking groups to implement the system. Since then, additional non-directed firms have voluntarily implemented the service and there are now 33 financial organisations offering CoP.Read Article
How to tackle AP Fraud and BEC in your organization
One of the most financially destructive cyber-crimes is business email compromise (BEC). Our latest episode focuses on strategies to prevent your business from becoming a target of such attacks. Paymode-X's Chief Security Officer, Chris Gerda, talks about the rise of BEC and other types of accounts payable fraud.
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