Your Invoice Was Paid in Full. So Why Did Less Money Arrive?

Categories
Finance

You invoice a client for ten thousand. They confirm payment. The money lands, you glance at the figure, and something is off by roughly a thousand. Your first thought is bank fees, so you check, and the fees do not come close to explaining it. Your second thought is that the client shorted you, so […]

The Forgotten Payee Risk: Why Old Beneficiary Lists Could Be a Hidden Door for Payment Fraud

Categories
Payment

Adding a trusted supplier or service provider to a beneficiary list can make future payments faster. Once the details have been approved, employees may assume that any payment sent to that account carries less risk. The problem is that beneficiary lists rarely remain accurate forever. Suppliers change banks, commercial relationships end and employees leave, yet […]