Cautionary Tales: What AP Can Learn From 3 Real-Life Payment Fraud Examples

How Fraudsters Target Accounts Payable  

AP fraud is big business, and scammers get better at it all the time. While some companies train accounts payable staff on the techniques that fraudsters use, it’s asking a lot for them to spot suspect transactions every single time. It’s also impractical for team members to investigate all your payments to make sure they’re legitimate. That’s a significant investment of time and money that most companies can ill afford, especially when so many AP departments are currently short-staffed. 

IOFM teamed up with Bottomline and Paymode-X to explore three commonly used techniques criminals use to steal money through AP scams. We discuss real-life examples of these types of fraud and offer suggestions for how to prevent them from happening to your organization. 

Download the white paper, “Cautionary Tales: What AP Can Learn From 3 Real-Life Payment Fraud Examples,” to learn more about the types of scams your team is likely to encounter and discover how to protect your company’s cash.