Vendor Fraud Prevention So Strong, It’s Backed By $2M ACH Indemnification — With Optional Supplemental Coverage Up To $5M total.
Tired of manual verification followed by sleepless nights wondering if an undotted “i” is going to cost you millions? PaymentWorks authenticates every Payee’s identity before a dollar moves and we stand behind it with a warranty no one else offers: a $2M ACH payment warranty and up to $3M in additional protection
Secure Your B2B Payments
Trusted by AP and treasury teams at universities, healthcare systems, and enterprise finance organizations nationwide.
Fraud Is Dynamic. Manual Vendor Onboarding Is Not.
Your AP team sends payments based on emailed bank change requests, verbal confirmations, and vendor forms that are impossible to verify. Fraudsters know this. A single spoofed email impersonating a real vendor can redirect a six- or seven-figure payment to an account you’ll likely never recover.
Most vendor fraud starts the same way: an unverified bank account change slips past a busy AP professional. Manual review catches some of it. It won’t catch all of it.
How PaymentWorks Vendor Fraud Prevention Works
We give bad actors a run for their money—while protecting yours.
We’re so confident in our vendor authentication that we cover fraudulent payments that slip through, up to $2M per fraud occurrence.
Every new or changed bank account is validated against third-party sources and cleared by our fraud team before a payment goes out.
Vendors self-register and update their own data through an authenticated platform — closing the door fraudsters use for impersonation and scams.
Vendors are continuously screened and re-verified against sanctions lists and fraud indicators, not just once at onboarding.
See how PaymentWorks closes the door on vendor fraud
and keeps your payments secure.
See How it Works
We had a fraud attempt that PaymentWorks was able to catch for us. It was an account takeover attempt where we had invoices queued up to be paid in the following weeks. PaymentWorks caught it before any changes were made in our vendor master file.
You Won’t Find Indemnification Like This Anywhere Else in the Market
Up to $5M in Fraud Indemnification
Transfer risk to PaymentWorks. We indemnify payments up to $2M and our customers can access exclusive, supplemental social engineering protection up to $3M via our partners at Lockton. No one else can offer this level of peace of mind.
Largest Network of Authenticated Payees
Fraud prevention that benefits from network authentication, not just your own onboarding process.
Front Door to the ERP
Authentication happens before vendor data ever reaches your system of record, not after.
See how PaymentWorks closes the door on vendor fraud
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Vendor fraud prevention is the set of controls that stop fraudulent parties from posing as legitimate vendors to redirect payments. It typically combines identity verification, bank account verification, and ongoing monitoring of vendor data changes – catching impersonation and account-takeover attempts before a payment goes out, not after.