Payment fraud prevention is continuously evolving. While shifting payments from paper checks to electronic systems, such as wire transfer and ACH transactions, has served as an effective deterrent to check fraud, electronic payment systems are not still entirely safe from criminal activity. Criminals can and do find ways to commit fraud via electronic means. And check fraud resulting from the use of paper checks remains a concern.
In this paper, you will learn about the most common forms of payment fraud and how you can fortify your treasury management strategy to prevent them.