--- title: | risk description: risk | --- [![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 featured at 2022 NAST Treasury Management Training Symposium](https://news.paymentworks.com/press/paymentworks-featured-at-2022-nast-treasury-management-training-symposium) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Jun 6, 2022, 11:00:08 AM   **FOR IMMEDIATE RELEASE** *VP of Strategic Partnerships, Hayley Hynes an SME panelist*   Boston, MA, Jun 6, 2022 - PaymentWorks, a digital supplier onboarding platform for secure, compliant and optimized business payments, is pleased to announce their Vice President of Strategic Partnerships, Hayley Hynes, will be a featured panelist in the “Bank Fraud and Cyber Security” session this week at the [2022 NAST Treasury Management Training Symposium](https://nast.org/2022-tmts/)in San Antonio, TX. 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-featured-at-2022-nast-treasury-management-training-symposium#comments-listing) Topics: [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk), [Cyber Security](https://news.paymentworks.com/press/tag/cyber-security), [banks](https://news.paymentworks.com/press/tag/banks) ## [How to Prevent Payments Fraud- A CyberGhost Interview with Alan Greenblatt](https://news.paymentworks.com/press/how-to-prevent-payments-fraud-a-cyberghost-interview-with-alan-greenblatt) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Jan 6, 2022, 9:28:54 AM Our CTO and co-founder, Aland Greenblatt, was recently interviewed for a feature on CyberGhost.![Alan G](https://news.paymentworks.com/hs-fs/hubfs/Headshot/Alan%20G.jpg?width=234&name=Alan%20G.jpg) 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/how-to-prevent-payments-fraud-a-cyberghost-interview-with-alan-greenblatt#comments-listing) Topics: [compliance](https://news.paymentworks.com/press/tag/compliance), [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk), [identity](https://news.paymentworks.com/press/tag/identity), [Cyber Security](https://news.paymentworks.com/press/tag/cyber-security) ## [PaymentWorks Launches Inaugural Partnership Program](https://news.paymentworks.com/press/paymentworks-launches-inaugural-partnership-program) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Nov 2, 2021, 8:44:47 AM *Huron, Carahsoft, and E&I Align with PaymentWorks to Offer Secure, Compliant and Optimized Business Payments*   **Waltham, Mass. — October 28, 2021** — [PaymentWorks](https://www.paymentworks.com/how-it-works), the digital onboarding platform for secure, compliant, and optimized business payments, today launched a comprehensive partner program that will cover all aspects of the partner ecosystem, including system integrators, technical partners, resellers, and strategic partners. Featuring well-known organizations including Carahsoft, E&I, Huron as an implementation partner, as well as others, the initiative will extend the reach of PaymentWorks’ proven technology platform across market segments and build upon the organization’s mission to streamline and secure the business payments process.  Visit our website for more information on how our new [partner program](https://learn.paymentworks.com/paymentworks-partnerships?utm_campaign=Q4%202021%20Partners&utm_source=Press%20Release&utm_content=Partnership%20Page) works or to join our partner ecosystem. 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-launches-inaugural-partnership-program#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [partners](https://news.paymentworks.com/press/tag/partners), [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk) ## [Demand for PaymentWorks Unique Business Identity Platform Grows](https://news.paymentworks.com/press/demand-for-paymentworks-unique-business-identity-platform-grows) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Sep 8, 2021, 9:30:00 AM *Company expands customer roster and bolsters leadership team to address mounting risk *  **Waltham, MA** – September 8, 2021 – According to the FBI, cyber criminals stole more than $28 billion through email fraud from 2016-2020, making business payments fraud a significant threat to organizations of all sizes. In fact, 74% of companies reported they were a target of an attempted or successful payments fraud last year, according to the Association for Financial Professionals Annual Payments Fraud and Control Survey.  [PaymentWorks](http://www.paymentworks.com/) unique business identity platform was purpose built to automate the complex payee management process and eliminate the risk of business payments fraud.  On the heels of [a successful 2020](https://news.paymentworks.com/press/paymentworks-celebrates-successful-year-driven-by-accelerated-market-shift-to-digital-payments-and-massive-disruption-to-workplace), PaymentWorks continues to experience significant momentum and growth in the first half of 2021, helping organizations across industries swifty address mounting risks from savvy fraudsters. To learn more about our unique business identity platform, visit [HERE](https://www.paymentworks.com/how-it-works).  0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/demand-for-paymentworks-unique-business-identity-platform-grows#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [higher education](https://news.paymentworks.com/press/tag/higher-education), [partners](https://news.paymentworks.com/press/tag/partners), [risk](https://news.paymentworks.com/press/tag/risk), [identity](https://news.paymentworks.com/press/tag/identity) ## [PaymentWorks Presents: Risky Business Episode 6](https://news.paymentworks.com/press/paymentworks-presents-risky-business-episode-6) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Aug 10, 2021, 10:00:39 AM ## Identification, Authentication and Authorization featuring David GW Birch ![PaymentWorks Presents-Episode6-LinkedIn](https://news.paymentworks.com/hs-fs/hubfs/PaymentWorks%20Presents-Episode6-LinkedIn.jpg?width=348&name=PaymentWorks%20Presents-Episode6-LinkedIn.jpg) David Birch leads [15Mb Ltd](http://www.15mb.ltd/) (his advisory practice), is Global Ambassador for[ Consult Hyperion](https://www.dgwbirch.com/biography/consult-hyperion.html) (the secure electronic transactions consultancy that he helped to found), Non-Executive Chairman of [Digiseq](https://www.digiseq.co.uk/) Ltd, Ambassador for [Jersey for Fintech](https://www.digital.je/jersey-for-fintech/), a member of the Governing Council of the Centre for the Study of Financial Innovation (the London-based think tank) and holds number of [board-level advisory roles](https://www.dgwbirch.com/biography/non-executive.html). He is an Honorary President of [EEMA](https://www.eema.org/), the European e-ID Association. Before helping to found Consult Hyperion in 1986, he spent several years working as a consultant in Europe, the Far East and North America. 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-presents-risky-business-episode-6#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [podcast](https://news.paymentworks.com/press/tag/podcast), [risk](https://news.paymentworks.com/press/tag/risk), [identity](https://news.paymentworks.com/press/tag/identity) ## [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 Bolsters Leadership Team](https://news.paymentworks.com/press/paymentworks-bolsters-leadership-team) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on May 12, 2021, 8:57:49 AM #### **PaymentWorks Bolsters Leadership Team with New Senior Vice President of Sales and Vice President of Strategic Partnerships ** ***Industry veterans to support accelerated company growth, expand partner network* *and protect customers from increased threats to their business*** 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-bolsters-leadership-team#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [partners](https://news.paymentworks.com/press/tag/partners), [risk](https://news.paymentworks.com/press/tag/risk) ## [PaymentWorks Presents Risky Business Ep 5: Third Party Mgmt & Risk-A Primer](https://news.paymentworks.com/press/paymentworks-presents-risky-business-episode-5-third-party-mgmt-risk-a-primer) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Feb 4, 2021, 10:09:31 AM Yakut Akman has 40 years of experience in financial services, covering a wide range of functions globally, including Operations & Technology, Risk Management, Audit, and Regulatory Compliance.  She joined our podcast to share her prescription for how to structure third party risk at any sized organization. 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-presents-risky-business-episode-5-third-party-mgmt-risk-a-primer#comments-listing) Topics: [compliance](https://news.paymentworks.com/press/tag/compliance), [podcast](https://news.paymentworks.com/press/tag/podcast), [risk](https://news.paymentworks.com/press/tag/risk) ## [PaymentWorks Celebrates Successful Year Driven by Accelerated Market Shift to Digital Payments and Massive Disruption to Workplace](https://news.paymentworks.com/press/paymentworks-celebrates-successful-year-driven-by-accelerated-market-shift-to-digital-payments-and-massive-disruption-to-workplace) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Jan 19, 2021, 11:18:46 AM   Company increases revenue by 200%, increases enterprise customer base by 80% and unveils the markets first fraud indemnification program  **Waltham, MA** – January 19, 2021 – The impact of the global pandemic on the way we conduct business significantly accelerated the market shift to digital payments, especially among enterprises which still predominantly rely on check based payments. Moreover, the massive disruption to the workplace as organizations transitioned to virtual operations exposed them to unprecedented cyber threats, most notably business payments fraud which according to the FBI saw a dramatic uptick in 2020. PaymentWorks unique business identity platform automates the complex payee management process and eliminates the risk of business payments fraud. By helping organizations make the critical shift to digital payments and secure their operations from external threats, PaymentWorks was able to achieve rapid growth in 2020.  To learn more about our unique business identity platform, visit [HERE](https://www.paymentworks.com/how-it-works).  0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/paymentworks-celebrates-successful-year-driven-by-accelerated-market-shift-to-digital-payments-and-massive-disruption-to-workplace#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [higher education](https://news.paymentworks.com/press/tag/higher-education), [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk) ## [Dirty Little Secret – Business Payments Fraud Is Real & It’s Coming For You: Actionable Ways to Mitigate Risk](https://news.paymentworks.com/press/dirty-little-secret-business-payments-fraud-is-real-its-coming-for-you-actionable-ways-to-mitigate-risk) Posted by [PaymentWorks Staff](https://news.paymentworks.com/press/author/paymentworks-staff) on Nov 24, 2020, 11:10:00 AM *Our CEO Thayer Stewart recently published a column in PaymentsJournal.* # Dirty Little Secret – Business Payments Fraud Is Real and It’s Coming For You: Actionable Ways to Mitigate Risk Today Each day, financial institutions see hundreds of thousands of payments come in and hundreds of thousands of payments go out. And with humans still at the epicenter of these transactions–tasked with authenticating and authorizing payment is in fact going to the right vendor–businesses are left vulnerable to increasingly savvy fraudsters.  Read the entire article on [PaymentsJournal.](https://www.paymentsjournal.com/dirty-little-secret-business-payments-fraud-is-real-and-its-coming-for-you-actionable-ways-to-mitigate-risk-today/) 0 Comments [Click here to read/write comments](https://news.paymentworks.com/press/dirty-little-secret-business-payments-fraud-is-real-its-coming-for-you-actionable-ways-to-mitigate-risk#comments-listing) Topics: [payments fraud](https://news.paymentworks.com/press/tag/payments-fraud), [AP](https://news.paymentworks.com/press/tag/ap), [vendor master](https://news.paymentworks.com/press/tag/vendor-master), [risk](https://news.paymentworks.com/press/tag/risk) [All posts](https://news.paymentworks.com/press/all) [Next](https://news.paymentworks.com/press/tag/risk/page/2) ## ![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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