--- title: "| #paymentsfraud" description: "#paymentsfraud |" --- [![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 ## [Three Best Practices for Preventing Payments Fraud](https://news.paymentworks.com/press/three-best-practices-for-preventing-payments-fraud) Posted by [Taylor Nemeth](https://news.paymentworks.com/press/author/taylor-nemeth) on Mar 31, 2021, 10:58:00 AM *Our Head of Payments Taylor Nemeth contributed this article to University Business* ### 3 Best Practices for Preventing Payments Fraud *With its public expenditure disclosures and decentralized procurement, higher education is especially vulnerable*   While it may be a surprise to the average person that business payments fraud is the largest source of cybercrime in the U.S, it’s at the forefront of every professional working in accounts payable today—those responsible for authenticating and authorizing that critical payments are in fact going to the right vendor, day in and day out. This is especially true for those working in higher education. With its public expenditure disclosures and decentralized procurement, higher education is especially vulnerable. Not to mention, most colleges and universities conduct business with thousands of payees—individuals and enterprises, foreign and domestic—making payee identity management enormously challenging. Sadly, many universities know this threat firsthand. University of San Diego lost $749,000 a year later. They are not alone. So why isn’t anyone talking about it? 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/three-best-practices-for-preventing-payments-fraud#comments-listing) Topics: [compliance](https://news.paymentworks.com/press/tag/compliance), [higher education](https://news.paymentworks.com/press/tag/higher-education), [AP](https://news.paymentworks.com/press/tag/ap), [#paymentsfraud](https://news.paymentworks.com/press/tag/paymentsfraud), [vendor master](https://news.paymentworks.com/press/tag/vendor-master) ## [Higher Education Institutions Rely on PaymentWorks to Digitize Critical Supplier Payment Functions and Guard Against Fraud](https://news.paymentworks.com/press/higher-education-institutions-rely-on-paymentworks-to-digitize-critical-supplier-payment-functions-and-guard-against-fraud) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Feb 16, 2021, 8:08:00 AM   *Automating pervasive manual processes eliminates the risk of business payments fraud and ensures consistency of payments despite pandemic-driven changes to internal controls   * **Waltham, MA** – Feb 15, 2021 –[PaymentWorks](http://www.paymentworks.com/) today announced higher education institutions across the country are increasingly relying on the PaymentWorks Business Identity Platform to automate critical payee identity processes and eliminate the risk of business payments fraud. Notable new customers include Rensselaer Polytechnic Institute (RPI), The University of Tennessee and The University of Alabama. For more on how we help universities know who they are doing business with visit, [paymentworks.com/how-it-works](https://www.paymentworks.com/how-it-works). 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/higher-education-institutions-rely-on-paymentworks-to-digitize-critical-supplier-payment-functions-and-guard-against-fraud#comments-listing) Topics: [higher education](https://news.paymentworks.com/press/tag/higher-education), [AP](https://news.paymentworks.com/press/tag/ap), [procurement](https://news.paymentworks.com/press/tag/procurement), [#paymentsfraud](https://news.paymentworks.com/press/tag/paymentsfraud), [vendor master](https://news.paymentworks.com/press/tag/vendor-master) ## [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) ## [PaymentWorks Presents Risky Business Episode 2: Valarie Van Vlack](https://news.paymentworks.com/press/paymentworks-presents-risky-business-episode-2-valarie-van-vlack) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/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. 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-presents-risky-business-episode-2-valarie-van-vlack#comments-listing) Topics: [higher education](https://news.paymentworks.com/press/tag/higher-education), [podcast](https://news.paymentworks.com/press/tag/podcast), [#paymentsfraud](https://news.paymentworks.com/press/tag/paymentsfraud) ## [PaymentWorks Launches Podcast Series to Help Organizations Identify & Mitigate Business Payments Fraud Risk](https://news.paymentworks.com/press/paymentworks-launches-podcast-series-to-help-organizations-identify-and-mitigate-business-payments-fraud-risk) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Sep 21, 2020, 2:07:55 PM   Inaugural episode features interview with Clay Deutsch, former CEO of Boston Private Bank ![PaymentWorks Presents Risky Business-logo-final-72 (1)](https://news.paymentworks.com/hs-fs/hubfs/PaymentWorks%20Presents%20Risky%20Business-logo-final-72%20(1).jpg?width=396&name=PaymentWorks%20Presents%20Risky%20Business-logo-final-72%20(1).jpg) **Waltham, MA** – September 21, 2020 –[PaymentWorks](http://www.paymentworks.com/), providers of The PaymentWorks Business Identity Platform, today unveiled[PaymentWorks Presents Risky Business](https://podcasts.apple.com/us/podcast/paymentworks-presents-risky-business/id1580993090), 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](https://podcasts.apple.com/us/podcast/paymentworks-presents-risky-business/id1580993090). 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-launches-podcast-series-to-help-organizations-identify-and-mitigate-business-payments-fraud-risk#comments-listing) Topics: [compliance](https://news.paymentworks.com/press/tag/compliance), [insurance](https://news.paymentworks.com/press/tag/insurance), [podcast](https://news.paymentworks.com/press/tag/podcast), [#paymentsfraud](https://news.paymentworks.com/press/tag/paymentsfraud) [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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