Strategies to Prevent Major Fraud Losses for B2B Payments

Protect Your Business from Fraud with Real-Time Monitoring, Enhanced Detection, and Seamless Compliance for Confident, Efficient Operations.

Is Your Business Navigating These Payment Network Challenges?

Streamline operations, reduce risk, and safeguard your reputation by effectively addressing critical payment network challenges.

KYB Onboarding Risk

B2B payment networks must verify thousands of new entities monthly. Shell companies and stolen identities slip through fragmented checks, exposing you to immediate chargebacks, money-laundering fines, and reputational damage.

Invoice & Vendor Fraud

Fake invoices, altered bank details, and rogue vendor setups drain working capital. Attackers exploit manual approval layers and dispersed ERP data, forcing you to absorb unrecoverable six-figure losses.

Complex Cross-Border Compliance

Each corridor adds unique AML, OFAC, and FATF rules. Keeping policies current, collecting audit evidence, and filing SARs strains lean risk teams and slows global expansion plans.

Policy Breaches by Commercial Clients

High-volume customers quietly exceed refund, chargeback, or velocity limits. Without real-time alerts, excessive losses surface weeks later, undermining profitability and partner trust.

Transform B2B Security with FraudNet's Advanced Solutions

Streamline risk management and protect your B2B payment network from fraud, compliance, and policy breaches.

KYB Entity Screening

Instantly validate ownership, licensing, sanctions, and watchlists.

Transaction Monitoring

Millisecond scoring blocks suspicious ACH, wire, and RTP flows.

Policy Monitoring

Live thresholds flag chargeback, refund, and volume overages.

Anomaly Detection

AI spots deviations from each business’s normal payment behavior.

Key Capabilities For Business to Business (B2B) Payment companies

Enhanced Fraud Detection

FraudNet’s AI-driven models are tailored to B2B-specific signals, minimizing false positives and pinpointing high-risk events that traditional systems overlook. Enhance your fraud detection with precision, ensuring you catch threats without disrupting legitimate transactions, safeguarding your business's bottom line.

Real-Time Visibility

Experience unparalleled transparency with our real-time dashboard, offering instant access to transaction scores, policy breaches, and entity risks. Monitor every activity as it happens, ensuring seamless operations without any payment delays. Stay ahead with proactive insights tailored for B2B payment companies.

Compliance Made Simple

Streamline compliance effortlessly with automated audit trails, SAR exports, and customizable workflows. Our solution empowers your lean team to meet global regulatory demands efficiently, eliminating the need for additional hires and ensuring smooth, uninterrupted operations as you scale your B2B payment network.
Impact & Results

Delivering Results that Matter

We don’t just promise better fraud control—we deliver tangible improvements that protect your business.

97%

Fewer False Positives

Approve more valid transactions confidently.

88%

Fraud Reduction

Experience double-digit reductions in fraud-related chargebacks

60%

Cost Savings

Save time and resources while securing your revenue.

Why FraudNet

Future-Proof Your Fraud & Risk Program

With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.

Customizable & Scalable

No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.

End-to-End Platform

Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.

AI Precision You Can Rely On

Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.

Real-Time Fraud Intelligence

Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.

Testimonials

Real Success From Real Teams

Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.

Director Risk & Fraud, Arvato

FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.

Head of Financial Crime, Countingup

The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.

Fraud Manager, Global Financial Institution

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FAQs

What are some common types of B2B payment fraud?

Common types of B2B payment fraud include invoice fraud, ACH fraud, check fraud, and business email compromise (BEC). Invoice fraud often involves fake or altered invoices, while ACH fraud exploits electronic funds transfers. Check fraud includes forging or altering checks, and BEC schemes trick employees into transferring funds to fraudsters. Recognizing these patterns is crucial for effective prevention.

How can businesses prevent invoice fraud?

To prevent invoice fraud, businesses can implement multi-level approval processes, verify vendor details independently, and use automated invoice processing systems that flag suspicious activity. Regular audits and maintaining a list of approved vendors can further mitigate risks. Encouraging open communication and training employees to recognize red flags, such as sudden changes in payment details, are also essential strategies.

Why is employee training important in preventing payment fraud?

Employee training is critical because human error is often a factor in successful fraud attempts. Training helps staff recognize phishing attempts, social engineering, and other fraud tactics. By understanding the importance of verifying payment requests and maintaining strict adherence to security protocols, employees become a key line of defense against fraud. Regular updates on emerging threats further empower employees to act vigilantly.

What role do technology and software play in fraud prevention?

Technology and software are pivotal in detecting and preventing payment fraud. They provide automated monitoring of transactions, flagging anomalies or suspicious patterns for further investigation. Advanced systems utilize machine learning to improve detection accuracy over time. Implementing strong cybersecurity measures, such as encryption and multi-factor authentication, further safeguard transactions, making it difficult for fraudsters to exploit vulnerabilities.

How can businesses secure their payment processes?

Securing payment processes involves implementing robust authentication measures, such as multi-factor authentication and strong passwords. Businesses should encrypt sensitive data and use secure payment gateways. Regular security audits and updates to software and systems ensure vulnerabilities are addressed timely. Additionally, setting transaction limits and using alerts for unusual activity can help detect and prevent unauthorized transactions.

What should a business do if it suspects payment fraud?

If payment fraud is suspected, businesses should immediately halt the transaction and notify their bank or financial institution. Conduct a thorough internal investigation to understand the breach's scope and gather evidence. It's essential to review and strengthen security measures to prevent future incidents. Reporting the fraud to relevant authorities and potentially affected parties ensures transparency and may help recover lost funds.