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It’s the fifth year we’ve seen payment fraud & sanctions as one of the top three divers of change over the next 12 months, positively showing payment fraud prevention is on the mind of businesses everywhere, but is this making an impact?
The average loss for fraud for a medium sized business is £164,000 – how is this sustainable? The Payments Podcast reviews the latest fraud trends as detailed by the 2020 Business Payments Barometer and what organisations can do to help protect themselves.
In its fifth year, the Business Payments Barometer highlights the trends in the payment industry as described by 800 financial decision-makers. Researching companies of all sizes, across all sectors, the report reveals how finance departments are responding to the changing landscape, where priorities lie for the year ahead, and how they deal with fraud and risk.
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