Payments fraud is a key issue for treasury professionals as it relates to disbursements. Because of the nature of companies’ disbursement activities, they will always be a target for fraud, both internal and external. Collaborating with partners; adopting robust processes, controls and audit trails; and educating employees can help protect against the risk of fraud. MORE.

Recent Articles

  • Apr 16, 2024

    AFP Survey Finds 80% of Organizations Experienced Payments Fraud in 2023

    Eighty percent of respondents report that their organizations were victims of attempted or actual payments fraud activity in 2023, according to the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist.
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  • Nov 2, 2023

    Reducing Payments Fraud in Treasury and A/P

    The risk of fraud is never far from a treasurer’s mind, with ever more sophisticated cyber risks emerging alongside longstanding causes of fraud. Although banks do (or at least should) have their own fraud prevention and detection checks, these checks do vary significantly in utility and effectiveness. As a consequence, companies should assume as much responsibility as possible for fraud prevention and reduction by adopting a series of actions as part of their payment processes.
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  • Jul 25, 2023

    Your Questions About Payments Fraud Answered

    In part two of a two-part article, experts from a companion webinar to the 2023 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, answer treasury professionals’ questions about payments fraud.
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