$2 Million in Fraud Indemnification
Without the Fine Print
Serious protection for a serious threat. Double the coverage, built for today's risk.
What is PaymentWorks Payment Fraud Protection?
We indemnify payments up to $2M...but what exactly does that mean?
It means we empower you to fight payment fraud via worry-free domestic ACH payments. We’re so certain of our platform’s verification abilities, we’ll take the heat (and fraud costs up to $2 million) if we’re wrong. What’s more, you still own your vendor data.
This is DOUBLE what those who would like to call themselves our “competitors” offer—and with half the hassle.
We’re in the peace of mind business, and we’re willing to put our money where our mouth is.
Secure Payments You Can Rely On
We’ve been in this business longer than anyone, and we’ve seen the evolution of social engineering fraud. Our unmatched expertise means we’re uniquely equipped to help you stay one step ahead of payment fraud. We’re so confident in this ability that we’re indemnifying all transactions with up to $2 million per fraud occurrence.
We’re the only truly worry-free platform on the market.
Fine-Print-Proof Protection
$2 million is a lot of money, so what’s the catch? Unlike our “competitors,” we don’t have one. Our indemnification is available for all customers. Consider this fair warning to review the fine print on contracts for other providers that offer “assurances” or “guarantees.”
You’ll probably find paragraphs upon paragraphs of “if” qualifications and discover that your payout (and peace of mind!) is dependent upon a lot of fine print. How reassuring is that?
Payment Fraud Indemnification is Essential, Not Optional
With constant vendor changes and high-value transactions, the risk of fraud is higher than ever. According to the AFP, eight in 10 organizations are impacted by actual or attempted fraud. And only one in five organizations ever recovers any funds lost to fraud—with roughly half recovering less than a quarter of stolen funds.
Our indemnification isn’t just a helpful tool—it’s a critical control in a world rife with fraud.
What’s $2 Million Good For?
20 seconds of airtime for a Super Bowl ad or turning your leadership team into a captive audience who’s in awe of your fraud-fighting abilities.
20 seconds of airtime for a Super Bowl ad or turning your leadership team into a captive audience who’s in awe of your fraud-fighting abilities.
A 2-bedroom condo in Manhattan or the ability to reclaim mental real estate from the very scary fraud problem and its consequences.
A 2-bedroom condo in Manhattan or the ability to reclaim mental real estate from the very scary fraud problem and its consequences.
A 60-foot custom yacht or the peace of mind that your payments will sail smoothly from point A to point B.
A 60-foot custom yacht or the peace of mind that your payments will sail smoothly from point A to point B.
Frequently Asked Questions
Does payments fraud indemnification cost extra?
No. All customers who have signed a PaymentWorks agreement are automatically eligible for payments fraud indemnification on qualified transactions.
What type of fraud does the PaymentWorks payment fraud indemnification cover?
Our payment fraud indemnification protects against one of the most damaging forms of fraud: social engineering. These scams are prevalent and dangerous, manipulating well-meaning employees into sending payments to fraudsters posing as legitimate vendors. Fraudsters manufacture urgency and a sense of trust to entice employees to act in good faith—actions that can cost your organization millions. We’re here to put a stop to that. (And we do, all of the time.)
How can I sign up for payments fraud indemnification?
It’s automatic. Once you’re a signed customer, all qualified payments to bank accounts verified through PaymentWorks are indemnified. No additional steps required. No hoop jumping, no smoke and mirrors.
Want to know more? Contact us.
