$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?

What is PaymentWorks Payment Fraud Protection?

We indemnify payments up to $2M…but what exactly does that mean? 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.

This 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 protects you with up to $2 million in coverage.

We’re offering peace of mind and financial certainty.

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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.

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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 Association of Financial Professionals, 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.

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$2 Million Where It Matters Most

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.

It’s not optional coverage or a marketing add-on. It’s a standard feature of every PaymentWorks agreement, designed to ensure your payments always reach the intended vendor—securely, confidently, and without compromise.

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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.

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.