We captured some of the highlights from then annual payment fraud survey for B2B.

1. 2016AFP
Survey
Payments Fraud & Control Survey
Highlights
75%
46%
32%
30%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Checks Wire Tranfers Credit Cards/Pcard ACH
2016
Fraud by Payment Type
%ofCompaniesTargeted
Companies with less than $1 Billion in Revenue

2. 16
vs
17
Percent of Companies targeted for
payment fraud
Companies using checks as Primary
Form of payment
Fraud is the highest level in History up 11%
since 2014
i
Security
ii
Technology
iii
Cost
74%
51%
11% Enablers

3. Number of Incidents of Check Fraud

4. Targeted
42%Payers Experienced
Actual Loss
13%
Merchants Experienced
Actual Loss
21%
2016
Targeted
Payers Experienced Actual Loss
Merchants Experienced Actual Loss
P-Card and Business Cards B2B Payments

5. 13%
34%
9%
11%
14%
19%
0% 5% 10% 15% 20% 25% 30% 35% 40%
NO LOSS
< $25,000
$25,000 TO $49,999
$50,000 TO $99,999
$100,000 TO $249,000
$250,000 OR MORE
2016
2016
Potential Financial Loss from Payment Fraud

6. 63%
52%
14%
13%
13%
5%
2%
1%
0%
10%
20%
30%
40%
50%
60%
70%
OUTSIDE
INDIVIDUAL*
BUSINESS EMAIL ** ORGANIZED CRIME ACCOUNT
TAKEOVER
THIRD PARTY OR
OUTSOURCER
INTERNAL PARTY MOBILE DEVICE LAPTOP
2016
2016
*Forged Check, Stolen Card
** 60% related to wire transfers
Where Fraud Originated

7. 16
Saw an
Increase
36%
About the
Same
55%
Decrease
9%
Year over Year Increase in Incidents

8. 05
Fivethingscompaniesaredoingto
mitigatepaymentfraud.
CheckFraud
DailyReconciliation&Other
InternalProcesses.
“PostnoChecks”restriction
ondepositoryaccounts
SegregationofAccounts
UtilizeACHwhenVirtual
Cardisnotanoption
x
UtilizeVirtualCardPayments
whenpossible

9. Learn how
Companies are generating an additional
revenue stream, lowering A/P cost with no
Capital investment.
Schedule a 15 minute call or online meeting
below.
https://calendly.com/bartc
Phone: 512.643.6045
Email: bcarpenter@businessresourceshq.com