Remove tag corporate frauds
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Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'

CFO News

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.

Banking 52
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EACT SURVEY 2021

Simply Treasury

Every year, EACT launches a treasury survey to identify top priorities for Corporates. It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. API’s have shown the use banks and corporates can make out of them.

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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

This challenge often emerges with small businesses (SMBs) that are not large enough to fit into a bank’s corporate and treasury services unit, and are, therefore, forced into being serviced with consumer-targeted products. “There is a specific need for these families,” she told PYMNTS in a recent interview.

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B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. Mixing Internal and Internal Fraud. However, the case is also a unique instance of fraud stemming from both within an organization and from a third party. Smaller Lenders Fall Victim.

B2B 62
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Phishing Attacks Continue To Find Fuel In A Global Pandemic

PYMNTS

As the threat of B2B payments fraud persists, PYMNTS looks at the data behind some of the other latest cases of such digital scams. The case highlights the fraud risks of continued use of paper checks in B2B payments. 38,870 was allegedly stolen from a company through a fraudulent vendor scheme , reports in Herald.ie said recently.

B2B 59
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Digital Fraud Is An Inside Job

PYMNTS

Try wrapping your mind around the price tag of the average corporate data breach at $3.92 The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration. million per incident. Then multiply that by the 4.1 Catch Me if You Can.

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How Fake News Drives Corporates To Redirect Their Security Strategies

PYMNTS

billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.” Researchers estimate U.S.