Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'
CFO News
AUGUST 8, 2023
Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.
CFO News
AUGUST 8, 2023
Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.
Simply Treasury
JUNE 3, 2021
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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PYMNTS
APRIL 30, 2019
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.
PYMNTS
OCTOBER 7, 2019
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.
PYMNTS
JUNE 1, 2020
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.
PYMNTS
JANUARY 28, 2020
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.
PYMNTS
MARCH 28, 2018
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.
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