How To Combat Payment Fraud and Negative Cash Flow

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Amid increasing fraud cases, is your small business secure? Managing and safeguarding a business is an ongoing process, but proven strategies can protect your business and financial health. Payment fraud poses significant risks for small businesses, often overlooked by the owners. Ignoring this threat can lead to devastating consequences, even business closure.

Shockingly, the SEON report of 2021 revealed a staggering 1,862 data breaches and 293 million victims, highlighting the pervasive threat. Business owners must prioritize security and stay vigilant against evolving fraud tactics to safeguard their businesses and customers.

When it comes to protecting your business from payment fraud, it’s all about making smart choices. One of the first steps is choosing a payment processor that’s got your back with exceptional security features….Story continues…

By: NICK CHANDI

Source: Proven Strategies to Combat Payment Fraud and Negative Cash Flow | Entrepreneur

Harnessing AI/ML to Combat Payment Fraud: A Comprehensive Guide Finextra 16:41 Fri, 17 May

Wednesday

Ipswich man sentenced following social care payment fraud Suffolk County Council (Press Release) 16:54 Wed, 15 May

UK payment firms push back on APP fraud refund plan Finextra 16:17 Wed, 15 May

Payment Firms Urge UK to Scale Back Fraud Victim Refund Plan BNN Bloomberg 10:15 Wed, 15 May

Monday

How is Machine Learning for Transforming Payment Flows and Fraud Detection? GTNews 11:08 Mon, 13 May

In the last month

Indian Airline employee scammed of Rs47,490 in electricity payment fraud The Times of India 22:12 Fri, 10 May

Introduction to EFD Messaging: A New Era in Combating Payment Fraud Finextra 05:05 Tue, 07 May

PCI Security Council’s Middle East expansion targets payment fraud The Paypers 13:12 Thu, 02 May

Unmasking Business Payment Fraud: How Cybercriminals Operate Forbes 14:52 Wed, 01 May

EBA unveils new types of payment fraud and proposes protective measures The Paypers 15:46 Tue, 30 Apr

EBA draft opinion on new types of payment fraud and possible mitigants Thomson Reuters – Practical Law 19:08 Mon, 29 Apr

The EBA has identified new types of payment fraud and proposes measures to mitigate underlying risks and protect consumers from resultant lossesEuropean Banking Authority 15:54 Mon, 29 Apr

Dipesh Pun released after bail payment in cooperative fraud case Khabarhub 15:41 Fri, 26 Apr

New IDIQ Report Finds Staggering Surge of Spear Phishing and Utility Payment Fraud PRWeb (Press Release) 15:40 Thu, 25 Apr

Fourbanks’ fraud losses double amid e-payment surge BusinessDay NG 15:35 Thu, 25 Apr

Unified Payments becomes second payment gateway as CBN tackles POS fraud BusinessDay NG 19:12 Wed, 24 Apr

MEPs want to enhance fraud protection and access to cash in payment services AML Intelligence 14:48 Tue, 23 Apr

Future of Payment Review – six-months on – APP Fraud Finextra 18:41 Thu, 18 Apr

How to Properly Manage the Cash Flow of Your Startup Entrepreneur Magazine 21:33 Fri, 17 May

Smallsat builder GomSpace: We’ll reach positive free cash flow in H2; Unseenlabs contract debuts larger satellite platform Space Intel Report 18:48 Fri, 17 May

The Chemours Company (CC) Hit with Class Action After Announcing Senior Executives Manipulated Free Cash Flow to Boost Their Pay – Hagens BermanGlobeNewswire (Press Release) 18:39 Fri, 17 May

Georgia Capital ramps up buybacks amid significant cash flow progress London South East 18:06 Fri, 17 May

NauticAWT Reports Net Liabilities and Cash Flow TipRanks 13:20 Fri, 17 May

Dana Cafe, Crookes: Hundreds rally to save Sheffield cafe from closure as owner battles cash flow troubles Sheffield Star 08:57 Fri, 17 May

Thursday

New BT boss to more than double free cash flow in five years Financial Mail 01:05 Fri, 17 May

Earnings and trading: Tullow Oil on track to hit free cash flow target London South East 19:02 Thu, 16 May

Gopuff Cuts 6% of Workforce in Bid to Become Cash Flow Positive BNN Bloomberg 17:09 Thu, 16 May

SFLO Rebalance Boosts Free Cash Flow Yield ETF Trends 16:25 Thu, 16 May

UK Stocks: BT Group Shares Rally on Upbeat Cash Flow Guidance Despite Profit Slump TipRanks 15:29 Thu, 16 May

Tullow Oil on track to hit production and cash flow guidance London South East 12:45 Thu, 16 May

BT hikes dividend, sees cash flow soar after fibre peak Investomania 12:38 Thu, 16 May