October 5, 2023
Talking Shop: Account Verification Solutions for Payments Fraud
Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Context: Payments fraud remains a significant threat to corporates—although some research shows it declined in 2022. The 2023 AFP Payments Fraud and Control Survey reported that 65% of organizations surveyed were victims of reported or actual payments fraud last year. That’s down from 71% in 2021 and the lowest percentage of fraud activity since 2014,…