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.

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.

Listen to the full podcast here.

Read the blog version here.

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.

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

Waltham, MA – September 21, 2020 – PaymentWorks, providers of The PaymentWorks Business Identity Platform, today unveiled PaymentWorks Presents Risky Business, a new podcast series designed to help organizations identify and mitigate risk related to business payment fraud.  The series will explore themes including business payments, compliance, risk management and supplier onboarding, among others. Each episode will feature an interview with industry experts and/or frontline practitioners working in vendor management and risk to offer the insight organizations need to effectively address the growing threat of business payments fraud.  To learn more visit HERE.

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.

 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.