Safety Detectives- Interview with Alan Greenblatt

Posted by PaymentWorks Staff on Jul 8, 2021 12:57:10 PM

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

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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.

Topics: payments fraud, ACH, vendor master, risk

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

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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New and Happenings related to: 

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

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