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Unfortunately, it’s no longer a matter of “if,” but rather “when” payments fraud will impact your business. As you look at your payment strategy, does it minimize your risk to fraud? Like many businesses, your strategy may be highly focused on check payments, the most compromised payment type. Sixty-six percent of businesses said their companies experienced check fraud as part of the 2021 Association of Financial Professionals Payments Fraud and Control Report. While other payment methods have been targets, the risk significantly decreases with others; a breakdown is below. Tools and Best...
Cryptocurrency (crypto) has been growing in popularity for some time. Last year crypto, defined as the class of digital assets you can spend and invest, reached a milestone. Bitcoin, the best-known crypto, had the highest investment return of any asset class in 2021, outpacing the stock market, real estate, commodities and more. It has also experienced some of the biggest price drops in January 2022. Little wonder that the media is increasingly filled with stories of crypto companies growing and investors getting rich—and going broke. Cryptocurrencies are increasingly becoming a part of the...