Nomentia Treasury Bulletin ? Latest news
Is your company sufficiently protected against payment fraud?
This edition of our newsletter is (almost) all about security and fraud prevention in payment transactions. Discover our upcoming webinar as well as the latest blog articles and upcoming events!?
Upcoming webinar
From risk to resilience: How to build proactive and secure financial operations?
As the threat landscape continues to evolve and ever-more complex risks emerge, the only thing you can do is be proactive about building resilience.
Sign up now?for our webinar on 13th November to learn from industry experts:?
Blog
Payment security and fraud prevention: How to protect your business?
That is the key question in the emerging threat landscape. In this article, Nomentia's Head of Solutions and Presales Jouni Kirjola, answers key questions about securing corporate payments and preventing payment fraud and offers practical advice on how businesses can protect themselves from fraud attempts, maintain compliance, and strengthen the overall integrity of their payment processes.
“You might not like it, but the recent news increasingly seems to suggest that when it comes to payment security, it's less a matter of if but when you'll face a critical data breach or have to deal with the consequences of payment fraud."
Security questions to ask in an RFP
Security is one of the top aspects to tackle in an RFP for payment hubs or other cloud-based services. Vendors must show that they have strong measures to protect your data, ensure compliance, and prevent breaches. But what specific questions should you ask to verify their security practices??
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Real-world scenarios for payment process controls against fraud
In this article we speak about fraud prevention best practices and discuss real-world fraud scenarios and how you can successfully stop them through payment process controls.
For example, consider this scenario:
"Michel, who works in accounts payable, discovers that several vendor accounts in the system have been dormant for years. He decides to reactivate one of these vendors, "Greenfield Solutions," and updates the payment details to an account he controls. Michel then processes several payments to the reactivated vendor under the guise of settling old debts."
How can payment process controls protect you from this and other kinds of fraud?
? Discover other new articles on our blog:
Events
The event season is entering its final round
The autumn event season has already brought us many valuable encounters and inspiring discussions around treasury and cash management. We look forward to more exciting talks and hope to meet you soon in Dublin or Stuttgart!?
??IACT Annual Treasury Management Conference 2024 | 13-14.11.2024 | Dublin
The IACT convention is a prime opportunity for corporate treasurers, finance and business leaders, banks and service providers to come together for networking, benchmarking and learning.
??20. Structured Finance | 27-28.11.2024 | Stuttgart
Did you know? This year, the Structured Finance is celebrating its 20th anniversary and Nomentia is the main sponsor. We would be happy to meet you there!
That's all for today!
If you have any topics that you'd like us to cover more, let us know in the comments. ??