--- title: | ACH description: ACH | --- [![PaymentWorks](https://news.paymentworks.com/hubfs/PaymentWorks_February2020/images/logo.svg)](https://www.paymentworks.com/) - How it Works - - [Overview](https://www.paymentworks.com/how-it-works) - [Why it Matters](https://www.paymentworks.com/why-it-matters) - - For Payers - See how they do it at: - [University of Kentucky](https://www.paymentworks.com/case-studies/kentucky/) - [Hackensack Meridian](https://www.paymentworks.com/case-studies/hackensack-meridian/) - [Johns Hopkins](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) - For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) - About - - [About Us](https://www.paymentworks.com/about-us/paymentworks/) - [Our Partners](https://www.paymentworks.com/about-us/partners/) - [Work Here](https://www.paymentworks.com/about-us/work-here/) - [Blog](https://blog.paymentworks.com/) - [Press](https://news.paymentworks.com/press) - [Refer A Lead](https://share.hsforms.com/1NZzs6_82R52Z5GNpdHp4tA49idv) - Contact - - - - - Sales - [info@paymentworks.com](mailto:info@paymentworks.com) - - Support - [support@paymentworks.com](mailto:support@paymentworks.com) - - - Press - [press@paymentworks.com](mailto:press@paymentworks.com) - - HQ - [info@paymentworks.com](mailto:info@paymentworks.com) - 51 Sawyer Road Suite 310 Waltham, MA 02453 - [Sign In](https://www.paymentworks.com/accounts/login/) [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) - [Sign In](https://www.paymentworks.com/accounts/login/) - [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) ![banner-image](https://news.paymentworks.com/hubfs/PaymentWorks_March2020_Blair/images/paymentworks-hubspot-banner_v2-04.png) ## PaymentWorks News ## [PaymentWorks Wants to Keep Every B2B Payment Secure and Trust Between Parties High](https://news.paymentworks.com/press/paymentworks-wants-to-keep-every-b2b-payment-secure-and-trust-between-parties-high) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Sep 7, 2021, 12:53:00 PM *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.       ![Alan G](https://news.paymentworks.com/hs-fs/hubfs/Alan%20G.jpg?width=411&name=Alan%20G.jpg) 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](https://threat.technology/paymentworks-wants-to-keep-every-b2b-payment-secure-and-trust-between-parties-high/?utm_content=178857253&utm_medium=social&utm_source=linkedin&hss_channel=lcp-2711868). 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-wants-to-keep-every-b2b-payment-secure-and-trust-between-parties-high#comments-listing) Topics: [compliance](https://news.paymentworks.com/press/tag/compliance), [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [AP](https://news.paymentworks.com/press/tag/ap), [ACH](https://news.paymentworks.com/press/tag/ach), [vendor master](https://news.paymentworks.com/press/tag/vendor-master) ## [Safety Detectives- Interview with Alan Greenblatt](https://news.paymentworks.com/press/safety-detective-interview-with-alan-greenblatt) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Jul 8, 2021, 12:57:10 PM ### Our own Alan Greenblatt [sat down with](https://www.safetydetectives.com/blog/interview-alan-greenblatt-paymentworks/) Aviva Zacks of [SafetyDetectives](https://www.safetydetectives.com/blog/) to talk all things cybersecurity and share more about how PaymentWorks was founded.  ![Screen Shot 2021-07-08 at 12-51-32 PM-png](https://news.paymentworks.com/hs-fs/hubfs/Screen%20Shot%202021-07-08%20at%2012-51-32%20PM-png.png?width=282&name=Screen%20Shot%202021-07-08%20at%2012-51-32%20PM-png.png) 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](https://www.safetydetectives.com/blog/interview-alan-greenblatt-paymentworks/). 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/safety-detective-interview-with-alan-greenblatt#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [ACH](https://news.paymentworks.com/press/tag/ach), [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk) ## [PaymentWorks Teams with Nacha to Address Payments Fraud- Webinar](https://news.paymentworks.com/press/paymentworks-teams-with-nacha-to-address-payments-fraud-webinar) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Oct 21, 2020, 8:35:00 AM *Cybersecurity Awareness Month Session Titled “Payments Fraud and Your Vendor Master: Uncovering Hidden Risks”* **![PW-webinar-Twitter_72](https://news.paymentworks.com/hs-fs/hubfs/PW-webinar-Twitter_72.jpg?width=1024&name=PW-webinar-Twitter_72.jpg)**   0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-teams-with-nacha-to-address-payments-fraud-webinar#comments-listing) Topics: [partners](https://news.paymentworks.com/press/tag/partners), [ACH](https://news.paymentworks.com/press/tag/ach), [#paymentsfraud](https://news.paymentworks.com/press/tag/paymentsfraud), [risk](https://news.paymentworks.com/press/tag/risk) ## [Preventing Fraud is the Immediate Need](https://news.paymentworks.com/press/preventing-fraud-is-the-immediate-need) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/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](https://www.distilnfo.com/itadvisory/2020/10/19/preventing-cyber-fraud-is-the-immediate-need/). 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/preventing-fraud-is-the-immediate-need#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [ACH](https://news.paymentworks.com/press/tag/ach), [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk) ## [Nacha Announces PaymentWorks as a Preferred Partner](https://news.paymentworks.com/press/nacha-announces-paymentworks-as-a-preferred-partner-for-business-identity-services) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/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. 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/nacha-announces-paymentworks-as-a-preferred-partner-for-business-identity-services#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [partners](https://news.paymentworks.com/press/tag/partners), [ACH](https://news.paymentworks.com/press/tag/ach) [All posts](https://news.paymentworks.com/press/all) ## ![META Full Logo](https://news.paymentworks.com/hs-fs/hubfs/Branding/Logos/META%20Full%20Logo.jpg?width=300&name=META%20Full%20Logo.jpg) New and Happenings related to:  - **Eliminating** your risk for payments fraud - **Reducing** your costs - **Ensuring** your compliance ### Recent Posts ### Posts by Tag - [payments fraud (14)](https://news.paymentworks.com/press/tag/payments-fraud) - [vendor master (14)](https://news.paymentworks.com/press/tag/vendor-master) - [risk (13)](https://news.paymentworks.com/press/tag/risk) - [higher education (8)](https://news.paymentworks.com/press/tag/higher-education) - [compliance (7)](https://news.paymentworks.com/press/tag/compliance) - [partners (7)](https://news.paymentworks.com/press/tag/partners) - [AP (6)](https://news.paymentworks.com/press/tag/ap) - [podcast (6)](https://news.paymentworks.com/press/tag/podcast) - [#paymentsfraud (5)](https://news.paymentworks.com/press/tag/paymentsfraud) - [ACH (5)](https://news.paymentworks.com/press/tag/ach) - [identity (3)](https://news.paymentworks.com/press/tag/identity) - [Cyber Security (2)](https://news.paymentworks.com/press/tag/cyber-security) - [procurement (2)](https://news.paymentworks.com/press/tag/procurement) - [banks (1)](https://news.paymentworks.com/press/tag/banks) - [insurance (1)](https://news.paymentworks.com/press/tag/insurance) See all #### How it Works [Overview](https://www.paymentworks.com/how-it-works) [Why it Matters](https://www.paymentworks.com/why-it-matters) #### For Payers - See how they do it at: [*Hackensack Meridian*](https://www.paymentworks.com/case-studies/hackensack-meridian/) [*University of Kentucky*](https://www.paymentworks.com/case-studies/kentucky/) [*Johns Hopkins Enterprises*](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) #### For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) #### About [About Us](https://www.paymentworks.com/about-us/paymentworks/) [Our Partners](https://www.paymentworks.com/about-us/partners/) [Work Here](https://www.paymentworks.com/about-us/work-here/) [Press](https://news.paymentworks.com/press) #### Contact Us - Sales [info@paymentworks.com](mailto:info@paymentworks.com) - Support [support@paymentworks.com](mailto:support@paymentworks.com) - Press [press@paymentworks.com](mailto:press@paymentworks.com) - HQ [info@paymentworks.com](mailto:info@paymentworks.com) ##### 51 Sawyer Road Suite 310 Waltham, MA 02453 © 2014 - 2021 PaymentWorks, Inc. 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