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How to Tackle B2B Payment Fraud in 2023

Get the B2B Payments Fraud Tracker report by PYMNTS & nsKnox

Automation Powers Satisfaction With Fraud Prevention Platforms
With more than 70% of firms experiencing fraud attacks last year, it is no surprise that identifying B2B Payments fraud is cited as a top challenge.
In the inaugural edition of “The B2B Payments Fraud Tracker®,” a PYMNTS collaboration with nsKnox, PYMNTS examines how automation of digital identity verification is boosting companies’ satisfaction with their fraud prevention platforms.

Inside the tracker

  • Pablo Molina, chief information security officer at Drexel University, tells PYMNTS how technology and collaboration with FIs helped him detect and prevent an attempted payments fraud scheme.
  • Invoice and payments fraud is an enduring problem for businesses, but its growth due to the pandemic has been astronomical.
  • B2B fraud gets less press than consumer-related fraud, but its identification tops companies’ list of biggest challenges