FOR IMMEDIATE RELEASE

VP of Strategic Partnerships, Hayley Hynes an SME panelist

Boston, MA, Jun 6, 2022 - PaymentWorks, a digital supplier onboarding platform for secure, compliant and optimized business payments, is pleased to announce their Vice President of Strategic Partnerships, Hayley Hynes, will be a featured panelist in the “Bank Fraud and Cyber Security” session this week at the 2022 NAST Treasury Management Training Symposium in San Antonio, TX.

Withum and PaymentWorks Team Up to Expand Secure, Compliant and Optimized Business Payments Solution Services

Waltham, Mass. — March 16, 2022 — PaymentWorks, the digital onboarding platform for secure, compliant, and optimized business payments, adds Withum to its partner ecosystem as a referral relationship alongside several other system integrators, technical partners, resellers, and strategic partners.

Our CTO and co-founder, Aland Greenblatt, was recently interviewed for a feature on CyberGhost.

Huron, Carahsoft, and E&I Align with PaymentWorks to Offer Secure, Compliant and Optimized Business Payments

Waltham, Mass. — October 28, 2021 — PaymentWorks, the digital onboarding platform for secure, compliant, and optimized business payments, today launched a comprehensive partner program that will cover all aspects of the partner ecosystem, including system integrators, technical partners, resellers, and strategic partners. Featuring well-known organizations including Carahsoft, E&I, Huron as an implementation partner, as well as others, the initiative will extend the reach of PaymentWorks’ proven technology platform across market segments and build upon the organization’s mission to streamline and secure the business payments process.  Visit our website for more information on how our new partner program works or to join our partner ecosystem.

Company expands customer roster and bolsters leadership team to address mounting risk  

Waltham, MA – September 8, 2021 – According to the FBI, cyber criminals stole more than $28 billion through email fraud from 2016-2020, making business payments fraud a significant threat to organizations of all sizes. In fact, 74% of companies reported they were a target of an attempted or successful payments fraud last year, according to the Association for Financial Professionals Annual Payments Fraud and Control Survey.  PaymentWorks unique business identity platform was purpose built to automate the complex payee management process and eliminate the risk of business payments fraud.  On the heels of a successful 2020, PaymentWorks continues to experience significant momentum and growth in the first half of 2021, helping organizations across industries swifty address mounting risks from savvy fraudsters. To learn more about our unique business identity platform, visit HERE. 

Our CTO Alan Greenblatt was recently interviewed by Threat.Technology.  Except below.

PaymentWorks protects against B2B payments fraud, ensures regulatory compliance, and automates vendor management processes so every company can be 100% certain about every third-party they do business with.

What Problem Are You Trying to Solve?

According to the AFP, 74% of comp

anies reported they were the target of an attempted or successful payments fraud attack in 2020. More than three quarters of the time, these attacks stemmed from business or vendor email compromise as fraudsters pretended to be someone else – often an existing vendor – in the hopes of changing vendor bank account credentials.      

Cybersecurity can help, but it cannot remove the risk of falling victim to this type of social engineering scam. 

Professionals in AP, Procurement and

Treasury live with a lot of stress about this. To alleviate the massive burden on these departments, PaymentWorks is offering what no one else in the industry can – a B2B payments security guarantee.   Vendors onboard through our platform, and if we give the thumbs up that a bank account is okay to pay, and we’re wrong, that is a PaymentWorks problem.  

Our customers can go back to sleeping at night.  Plus, they get compliance and added cost avoidance associated with vendor management to boot.

Read the entire article on Threat.Technology here.

Identification, Authentication and Authorization featuring David GW Birch

David Birch leads 15Mb Ltd (his advisory practice), is Global Ambassador for Consult Hyperion (the secure electronic transactions consultancy that he helped to found), Non-Executive Chairman of Digiseq Ltd, Ambassador for Jersey for Fintech, a member of the Governing Council of the Centre for the Study of Financial Innovation (the London-based think tank) and holds number of board-level advisory roles. He is an Honorary President of EEMA, the European e-ID Association. Before helping to found Consult Hyperion in 1986, he spent several years working as a consultant in Europe, the Far East and North America.

Our own Alan Greenblatt sat down with Aviva Zacks of SafetyDetectives to talk all things cybersecurity and share more about how PaymentWorks was founded. 

Alan recalls, “Thayer Stewart and I co-founded this company because we saw a big problem. Businesses with thousands of suppliers also had thousands of requests coming in to maintain compliance and different policies. Usually, companies use small teams of people to verify all this information and make sure everything is correct and that they are following the policies. It’s a very hard task, and the last thing on their mind is to make sure that the person providing all this information is actually who they purport to be. It’s done in most companies through mail, fax, and other manual processes, so we sought to build this system that would centralize the whole system, automate it, and make it much more secure, hopefully allowing our customers enough peace of mind that they can sleep a little better at night.”

Check out the full article and learn more about what we like to call our “multi-million dollar day” and how our unique business identity platform is helping safeguard customers from the risk of business payments fraud.

You can read the entire article on Safety Detective here.

Cyber criminals stole more than $28 billion through email fraud from 2016-2020, according to FBI; new Chubb paper urges companies to reevaluate their business procedures and invest in updated technology defenses to help reduce exposures.

PaymentWorks Bolsters Leadership Team with New Senior Vice President of Sales and Vice President of Strategic Partnerships 

Industry veterans to support accelerated company growth, expand partner network and protect customers from increased threats to their business