Businesses lose millions of dollars annually to rising check and electronic transaction fraud. In fact, thieves steal more through check fraud than through bank robberies, the U.S. Federal Bureau of Investigations reports. Fraud is now a permanent risk that businesses must be prepared for.
This white paper outlays why fraud mitigation is more important than ever, details the vulnerabilities of traditional approaches to managing bank accounts and communicating payment information to banks, and clearly defines three strategies for reducing fraudulent payments
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