Fraud Prevention for AP and AR

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Fraud is an ever present threat for AP and AR practitioners. The pages in this section will help you take appropriate steps to prevent fraud - or, understand what to do if you think you are the victim.

Vendor Payment Fraud Is Escalating — Is Your Team Prepared? Email-based Business Email Compromise (BEC) attacks are growing more targeted and deceptive, especially when vendor changes rely on

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For accounts payable (AP) and vendor teams, ensuring that payments reach the correct, legitimate vendors is critical. Bank account ownership validation has emerged as a key tool in this fight against

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Q. - We offer our vendors the option to send us refunds for overpayments, duplicate invoice… Read More
Q.  If AR is planning to change its banking information, what are the steps it should take to… Read More

B2B payment fraud remains a major threat, with business email compromise (BEC) remaining the primary attach vector. New survey data shows not only rising vendor impersonation fraud, but also that

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Q. We are looking to find a better way to verify supplier changes such as ACH banking information.… Read More
Q. Currently we use a bank account verification service from PNC. This allows us to enter the ACH… Read More

The United States Postal Inspection Service (USPIS) is the nation's oldest law enforcement agency, founded to ensure the security and integrity of the US Postal Service. As check fraud via mail theft

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A new IOFM Spring conference session could help you avoid being the next deepfake victim.

Using AI images and voices, a Hong Kong-based company was tricked out of $25 million. According to

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Q. Do you have any recommended sources for industry standards and best practices around AP fraud… Read More

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