What is Vendor Fraud and How Do Manual Processes Put Me at Risk?
What is vendor fraud, exactly?
Welcome to the PaymentWorks Blog
Designed to Help You Achieve Your Ideal State in Vendor Management
Building a Fraud-Resilient Vendor Risk Management Program: From Culture to Conversation
Vendor fraud is no longer a niche problem—it’s a boardroom issue. In an era of AI-powered impersonation scams, email-based vendor fraud, and business email compromise (BEC), every organization needs a…
Types of Vendor Fraud You Need on Your Radar
Vendor fraud has always been a thorn in the side of finance and procurement teams, but the types of fraud in the digital age have cranked the threat level up…
Six Vendor Management Best Practices for Strategic Value Creation
As we are well into the 21st century, it should come as no surprise that following vendor management best practices means evolving beyond administrative duties to encompass more strategic, analytical…
Your Account Validation is Flawed. Here’s Why.
Let’s talk about a quiet troublemaker in your vendor onboarding process: account validation.
Your Annual Vendor Compliance Management Planning Calendar
Let’s face it—vendor compliance management is high-pressure and high-stakes, even for the most organized teams. Between annual reviews, policy updates, and audit prep, it’s easy to lose track of what…
What is Bank Account Verification and Why Should I Care?
Picture this: You’ve just approved a $150,000 payment to what you thought was a long-time vendor. You sip your coffee, breathe a sigh of relief, and go on with your…
Why Vendor Risk Management for Government Agencies is Critical in 2025
Government agencies are more dependent than ever on third-party vendors. Whether it’s IT infrastructure, public works, or defense contracts, vendors play a critical role in keeping government operations running. But…
Nacha’s Upcoming Rule Change: What You Need to Know
If you’re in charge of vendor payments, treasury, or compliance, you’ve probably heard the buzz: Nacha is rolling out significant updates to the ACH Operating Rules, with full compliance expected…
Making “Business Identity Verified” the Standard
Vendor fraud is on the rise—getting business identity verified can stop it. You’ve got procurement platforms, ERP systems, disbursement tools, and probably a cyber insurance policy too. So why does…