Businesses Shift Fraud Checks Before Payments
Firms boost fraud checks ahead of payments to block scams.
In brief
Firms boost fraud checks ahead of payments to block scams. Businesses are adding AI fraud checks to prevent payment scams before sending money. Originally reported by Pymnts.
What Happened
Businesses now check suppliers before payments to stop fraud.
Who It Affected
150 U.S. finance teams with $100m+ revenue.
When and Where
July 2026 survey shows trends in payment fraud.
Why It Matters
Paper checks cause 34% of fraud losses.
What They Say
55% say manual checks work well without AI.
What Next
65 firms plan to add AI fraud tools within 12 months.
What to remember
Businesses are adding AI fraud checks to prevent payment scams before sending money.
