BofA expands digital B2C payment offerings
by Ben Poole
The Pay to Card solution supports US and cross-border transactions via bank cards.
Minimizing Payment Fraud
Background
One of the biggest sources of fraud in most organisations is payment fraud. Typically the biggest sources of payment fraud are from: cheques particularly in accounts payable and disbursement accounts.…
Read more
UK businesses voice concerns over barriers to international commerce
by Ben Poole
Bottomline research finds international payments predicted to decrease further.
65% of financial professionals blame pandemic for increase in payments fraud
by Ben Poole
The 2021 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found business email compromise fraud attempts at 62% of companies.
91% of UK CEOs concerned about cyber threats
by Ben Poole
PwC research also found 67% of UK CEOs plan to increase long-term investment in cybersecurity and data privacy as a result of COVID.
Finance execs adapting controls and reporting to beat COVID challenges
by Ben Poole
A survey from KPMG has found that the pandemic has had a major impact on corporate finance reporting processes in the US.
Corporates accelerating adoption of cyber defences
by Ben Poole
Firms fight back against pandemic-driven fraud increases with automation and accountability.
Charities and beggars are losing out in UK due to absence of QR codes
by Jack Large
UK needs to adopt general QR code channel to solve charities’ collection problem
Cybersecurity solutions to stop the fraudsters
by Ben Poole
Mastercard is the latest to upgrade its cyber offerings for businesses.
On the sixth day of Christmas my consultant told me how to:
by Jack Large
Improve my fraud prevention and minimise our cyber security breaches
Mastercard deploys AI to tackle cyber security
by Ben Poole
Its Cyber Secure solution aims to advance a set of integrated cyber capabilities for banks and their businesses.
Cybersecurity and fraud detection in the COVID-19 age
by Ben Poole
A recent SWIFT webinar explored how technology and awareness can help defend against payment fraud.
Building trust in a digital consumer landscape is the key to survival
by Jack Large
New global study by the EIU and TransUnion shows how vital smooth digital transactions and National Digital IDs are in the post-COVID-19 era
Cybersecurity coming of age
by Ben Poole
PwC research finds 96% of executives have shifted their cybersecurity strategy due to COVID-19 and 40% are accelerating digitisation.
CTMcast – 1 October 2020: Goldman Sachs transaction banking; improving global services; cash flow forecasting; corporate treasury outsourcing
by Jack Large
Jack and Ben review the key posts from the last two weeks on CTMfile
Banks stepping up to help protect corporates from fraud
by Ben Poole
Both JPMorgan Chase and NAB have recently announced moves to help protect businesses from fraud while managing their cash flow.
COVID-19 forces a historic surge in corporate tech investment
by Ben Poole
Companies spent around US$15bn extra a week on technology during the pandemic’s first wave, but the huge surge in IT spend isn’t sustainable.
SWIFT announces a strategy for instant, frictionless payments and securities processing
by Ben Poole
It aims to enable seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
Fraud prevention: Profile of your internal fraudster revealed
by Jack Large
New opportunities and problems BUT basics still the same and most organisations lose 5% turnover to fraud
Singapore’s multi-currency blockchain project concludes final phase
by Ben Poole
Project Ubin’s fifth and final phase highlights commercial potential, paving the way towards live adoption.
Cloud security remains challenged by complexity and shadow IT
by Ben Poole
New data from IBM pinpoints the top security risks for companies, with tips on how to improve cybersecurity.
Banks and police team up to fight financial crime in Sweden
by Ben Poole
The SAMLIT effort will be piloted this year, with the goal of launching in 2021.
Standing up to the cyber criminals
by Ben Poole
A public-private partnership and the use of biometrics provide examples of cyber security in action.
Driving payments security and efficiency during crisis: Best practices for Finance & Treasury
by Jack Large
Kyriba shows how to minimise fraud whilst maximising efficiency using workflow controls and payment screening
Digital fraudsters increase attacks against multiple industries during pandemic
by Jack Large
TransUnion quarterly global fraud analysis also examines the types of fraud targeting businesses and where it originates