Up to $5 Million in Fraud Indemnification and Optional Supplemental Insurance
Without the Fine Print
Serious protection for a serious threat. 5x coverage, built for today's risk.
What is PaymentWorks Payment Fraud Protection?
PaymentWorks backs its vendor verification process with up to $2 million in indemnification for ACH payments processed through the platform.
Customers can now extend that protection with optional Supplemental Social Engineering Fraud Insurance, available through Lockton Companies, providing up to $3 million in additional coverage.
Together, this provides up to $5 million in protection per fraud event.
This means your organization can make domestic ACH payments with confidence, knowing that if fraud occurs despite our verification process, PaymentWorks assumes the financial risk. Your vendor data remains under your control, and your payments are protected.
Our $2 million indemnification is included for all customers—no add-ons, no hidden clauses. It reflects our certainty in the effectiveness of our verification technology and our commitment to protecting every payment.
Secure Payments You Can Rely On
At PaymentWorks, we combine identity validation, bank account ownership verification, and continuous monitoring to create a platform that prevents fraudulent payments before they happen. We are so confident in our work that our indemnification, paired with Lockton Companies’ $3 million in Supplemental Social Engineering Fraud Insurance protects you with up to $5 million in total coverage per fraud event.
We’re offering peace of mind and financial certainty.
Protection Without Loopholes
Indemnification only matters if it’s reliable. There are no “if” conditions, no buried exclusions, and no fine print that limits your protection.
Our platform was built with fraud prevention at its core, and our indemnification is an extension of that design. If a payment to a verified vendor is redirected by a fraudster, PaymentWorks absorbs the loss so your organization doesn’t have to.
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 2025 AFP Payments Fraud and Control Survey Report, eight in 10 organizations are impacted by actual or attempted fraud. 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.
Fraud indemnification transforms risk management. Instead of reacting to losses, organizations gain guaranteed protection for high-value transactions—a critical safeguard in modern supplier risk management.
Up to $5 Million in Total Fraud Protection
PaymentWorks backs its verification with up to $2 million of indemnification for every ACH payment. This commitment is supported by years of fraud-prevention expertise and recognition by leading crime insurer Chubb as a preferred loss-prevention provider.
For organizations seeking additional protection, exclusive Supplemental Social Engineering Fraud Insurance is now available through Lockton Companies, offering $1–$3 million in excess coverage on top of PaymentWorks indemnification.
This means organizations can protect themselves with up to $5 million in total coverage for vendor impersonation fraud events.
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. Customers who would like additional protection can now purchase an exclusive Supplemental Social Engineering Fraud Insurance through Lockton Companies, providing $1–$3 million in additional coverage.
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 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.
