What is Fake Invoice Fraud?
Fake invoice fraud occurs when fraudsters submit an invoice, or other request for payment that is not genuine in the hopes that your business will pay...
Do you need to check your business customers’ bank account…
In a previous blog I discussed the case for checking the ownership of business bank account details when setting up and paying suppliers. But what if the businesses you are paying are not suppliers...
Three reasons why you should check your suppliers’ bank account…
It is now possible to check the ownership of business bank accounts, here are three reasons why you should check the bank account data of your...
Our top 5 payments blogs in the last 12 month
Over the past year our Payments blogs have proved to be very popular. And while we now have quite a library of payments blogs these are the 5 that have received the most visits: In at number five is...
What are the five types of Card Not Present Transaction?
Often when people think of Card Not Present transactions the focus is on the debit or credit card being in a different physical location from the merchant. This is not the full story, in a card...
What is ‘Friday Fraud’ – and how does it impact…
Recent press reports have highlighted a problem for lawyers and conveyancers – it’s been dubbed ‘Friday...
Anti-Money Laundering – should you consider electronic identity checking?
Anti-Money Laundering (AML) regulations affect many industry sectors in a number of ways. One requirement is that the identity of customers is verified in order to prevent the proceeds of crime being...
Identity theft – why do crooks want to steal your…
Identity theft is the acquisition and use of a person’s private identifying information for...
Branchless Banks and the Identity Checking Conundrum
Two headlines caught my eye recently, the first concerned the rise in current account fraud and the second was a new bank starting up – a bank that wouldn't have any...
Three retail banking trends – What does the bank of…
When we talk about retail banking we’re generally referring to a few ‘big names’, the main high street banks, built up over many decades – in some cases centuries. They have grown and...
Fighting fraud – 3 problems false positives cause.
There is an easy way to stop all fraud, stop trading! This is undoubtedly a flippant remark but it gets to the heart of the problem many organisations are...
How internet security concerns are impacting payment submissions
Hardly a day goes by without a data breach story. There’s widespread concern over the exposure of sensitive and often personal data. The internet industry is responding by implementing new minimum...