Strategies for Reducing the Risk of Fraud

Businesses lose millions of dollars annually to rising check and electronic transaction fraud. In fact, thieves steal more through check fraud than through bank robberies, the U.S. Federal Bureau of Investigations reports. Fraud is now a permanent risk that businesses must be prepared for. U.S. corporations spend more than $50 billion annually in technology and services to mitigate the potential risks of fraud, studies show. But most corporations are not as focused on the vulnerabilities of managing bank accounts and bank communications. This route, in many cases, is an easy option for those intent on fraud by accessing bank accounts or payments processes. Do not panic! There is an answer. This white paper outlays why fraud mitigation is more important than ever, details the vulnerabilities of traditional approaches to managing bank accounts and communicating payment information to banks, and clearly defines three strategies for reducing fraudulent payments.   [marketo-fat form="969"]

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Strategies for Reducing the Risk of Fraud

Businesses lose millions of dollars annually to rising check and electronic transaction fraud. In fact, thieves steal more through check fraud than through bank robberies, the U.S. Federal Bureau of Investigations reports. Fraud is now a permanent risk that businesses must be prepared for.

U.S. corporations spend more than $50 billion annually in technology and services to mitigate the potential risks of fraud, studies show. But most corporations are not as focused on the vulnerabilities of managing bank accounts and bank communications. This route, in many cases, is an easy option for those intent on fraud by accessing bank accounts or payments processes.
Do not panic! There is an answer.

This white paper outlays why fraud mitigation is more important than ever, details the vulnerabilities of traditional approaches to managing bank accounts and communicating payment information to banks, and clearly defines three strategies for reducing fraudulent payments.