PaymentWorks Teams with Nacha to Address Payments Fraud- Webinar

Posted by PaymentWorks Staff on Oct 21, 2020 8:35:00 AM

Cybersecurity Awareness Month Session Titled “Payments Fraud and Your Vendor Master: Uncovering Hidden Risks”

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Topics: partners, ACH, #paymentsfraud, risk

Preventing Fraud is the Immediate Need

Posted by PaymentWorks Staff on Oct 19, 2020 11:57:00 AM

DistillINFO recently interviewed our CEO, Thayer Stewart on the risks of payments fraud in healthcare.

Preventing Fraud is the Immediate Need

When health care organizations rely o

n static “vendor forms” to collect information from third-parties – it exposes them to risk. Where there is a manual process, there is plenty of room for mistakes.

The vendor set-up and maintenance process is fundamentally flawed because it relies on people making (largely uninformed) judgements- such as ‘do I change this vendor’s bank account based on this email request?’ Additionally, vendor relationships run through procurement, AP, risk, insurance, diversity and individual business units, with no clear owner at most organizations. Who ultimately is responsible for the verification of the vendor’s info?

You can read the entire interview at DistillINFO.

Topics: payments fraud, ACH, vendor master, risk

PaymentWorks Presents Risky Business Episode 3: Matt Klein

Posted by PaymentWorks Staff on Oct 13, 2020 4:42:58 PM

PaymentWorks Presents Risky Business Episode 3: Matt Klein Answers the Million Dollar Question About Coverage

Matt Klein, National Fidelity Product Leader at Willis Towers Watson, breaks down the world of insurance and coverage for losses stemming from social engineering frauds. He walks us through the exacting claims process, what questions you should ask your insurance provider right now, and what business leaders will need to do to prepare for such attacks.

 

PaymentWorks Presents-guest_Episode3_v2Listen to the full podcast here.

Read the blog version here.

Topics: payments fraud, podcast, vendor master, risk

PaymentWorks Presents Risky Business Episode 2: Valarie Van Vlack

Posted by PaymentWorks Staff on Sep 24, 2020 10:58:03 AM

PaymentWorks interviews the Treasurer at Texas State University, Valarie Van Vlack on the unique mission of treasury in higher ed, and all of the creative ways fraudsters try to scam educational institutions.

Topics: higher education, podcast, #paymentsfraud

PaymentWorks Launches Podcast Series to Help Organizations Identify & Mitigate Business Payments Fraud Risk

Posted by PaymentWorks Staff on Sep 21, 2020 2:07:55 PM

 

Inaugural episode features interview with Clay Deutsch, former CEO of Boston Private Bank

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Topics: compliance, insurance, podcast, #paymentsfraud

PaymentWorks Presents: Episode One Clay Deutsch

Posted by PaymentWorks Staff on Sep 16, 2020 8:15:00 PM

PaymentWorks interviews the former CEO of Boston Private bank regarding the evolution of risk management, vendor management, and the increasing threat of payments fraud for businesses.

Topics: compliance, payments fraud, AP, podcast

Nacha Announces PaymentWorks as a Preferred Partner

Posted by PaymentWorks Staff on Sep 16, 2020 7:56:00 PM

 PaymentWorks is now a Nacha Preferred Partner for Business Identity Services. In becoming a Preferred Partner, PaymentWorks joins a select group of innovators whose offerings align with Nacha’s strategies to advance the ACH Network.

Topics: payments fraud, partners, ACH

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  • Eliminating your risk for payments fraud
  • Reducing your costs
  • Ensuring your compliance

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