Strong Passwords: Vital to Security
Vendor information management specialists have heard it before. Strong passwords are vital to security. Their value cannot be overstated. Passwords are gatekeepers to our online…
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Best Practices for Vendor Bank Account Verification
Bank account verification is a crucial security measure for any organization engaging in business-to-business (B2B) commerce. By ensuring the legitimacy of bank account details before processing…
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Understanding Bank Account Verification in Business-to-Business Transactions
Ensuring the security and accuracy of financial operations is paramount in business-to-business (B2B) commerce. One critical aspect of financial security is understanding and executing bank…
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Those Annoying Password Rules
Are you required to change your password every quarter? Do you have to include special characters in your passwords? It is annoying but also easy…
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The Hazards of Collecting Vendor Data via Email
How do you collect your vendors’ W-9 information? What about bank information for ACH payments? Here is an instruction that one organization includes on its ACH…
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Payment Fraud: ACH Is Not Immune and Email Is Not Safe
An Association of Financial Professionals (AFP) survey on payment fraud shows 80 percent of organizations experienced attempted or actual payment fraud in 2022. Payment fraud…
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Video: Best Practices for Handling One-Time Vendor Payments
Most companies have vendors to whom a payment will be made only once. When these payments flow through the Accounting System or ERP, Accounts Payable…
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Video: Create a Vendor Authentication Matrix
Fraud Prevention You receive a request to change remittance information from the vendor. Is that really the vendor? Combat business email compromise, deepfakes, and other…
