Business-to-business (B2B) payments are rapidly evolving as companies transition from traditional methods to real-time payments, and embedded finance solutions.
Currently 41% of U.S. businesses use real-time payments, and by 2026, the transaction volume of embedded B2B payments is expected to reach $2.6 trillion, a significant increase from $0.7 trillion in 2021.
However, this shift to faster and more efficient payment methods also presents challenges, particularly in detecting and preventing fraud. To counter this, businesses are adopting advanced tools to verify transactions and authenticate banking information.
This Tracker Report discusses:
- The issue of invoice fraud in these faster payments
- Suggests ways for companies to better manage fraud
- Ways to maximize the benefits of efficient payment systems.
