Last year, 65% of all businesses experienced payment fraud attacks, according to the Association for Financial Professionals. From payment scams and data breaches to malware attacks and phishing attempts, companies of all sizes and industries are facing security threats from every direction, and check fraud schemes are no exception.
Nick Ferrer, treasury sales director at Ameris Bank, structures treasury management solutions for business customers that include fraud prevention measures to help protect their accounts. "Optimizing a business's cash flow, liquidity and funding goes hand in hand with fraud prevention. And when it comes to deterring fraudulent check activity, Positive Pay is one way business owners can mitigate fraud," said Ferrer.