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The top 5 reasons Insurance Carriers are slow to implementing new payment methods

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Single Use Accounts--Preventing Check Fraud While Streamlining Payment Processes

According to findings published in the 2015 AFP Payments Fraud and Control Survey, 62 percent of companies were targets of payments fraud in 2014. The most targeted methods of payments were checks (77 percent), credit/debit cards (34 percent), and wire transactions (27 percent). Incidentally, checks were also the payment method most likely to result in financial loss, with 45 percent of the companies that experienced a loss due to fraud reporting that checks were involved. Despite the prevalence of check fraud, the survey also revealed that fully 70 percent of B2B payments are still made via check.

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Does Your Current Payment Solution Offer Safety, Security & Control in Today's Volatile World?

In today's electronic age everything is going paperless, including payments, and security threats are evolving along with this change. Internet financial fraud is an increasing problem from overseas scams to identity theft. Businesses big and small are continuously fighting this invisible adversary with better and more complex security solutions. But with their knowledge increasing, the criminals always seem to be only one step behind.

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Tags: ACH, integrity of payment data, bank agnostic, disbursement hub, Outbound Payment Processing, security, issuing payments, reduce risk, card payments, bank account information, bank account info, control, issuing outbound payments, disbursement processes, checks, MICR checks, PayPilot, electronic payment, safety

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Disbursement Hub Checklist

Learn the key items to consider when implementing a disbursment hub for your organization. 

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