If all goes well, the future of business processes won’t look anything like its past. And that holds particularly true in business-to-business (B2B) payments, where the past — and even the present — is riddled with manual processes, paper-based workflows and legacy inefficiencies. And those...
What’s better than $10,000? Try $25 million. That, it appears, is the thinking of an emerging cohort of bad actors and financial criminals behind a worrying rise in commercial banking fraud. After all — why target individuals when you can target big ticket business-to-business (B2B)...
The Business Email Compromise continues its dramatic attack on businesses’ B2B payment workflows in this week’s B2B Data Digest. With the U.S. Justice Department reporting on several business email compromise (BEC)-related cases, companies have also faced internal threats as employees manipulate accounts payable (AP) processes...
With cyberattacks skyrocketing amid the pandemic, new data is rolling out to paint a picture of just how damaging the ramped-up thievery has become. In this week’s B2B Data Digest, PYMNTS looks at some of those numbers, finding cybercriminals both within and outside of the...
July 31, 2024
If all goes well, the future of business processes won’t look anything like its past. And that holds particularly true in business-to-business (B2B) payments, where the past — and even the present — is riddled with manual processes, paper-based workflows and legacy inefficiencies. And those three realities can ladder up to one big problem: payments […]
May 23, 2018
As the speed of payments increases around the world, the potential scope of fraud shifts to targets beyond cards. Criminals are taking advantage of the global spread of real-time digital...
