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Small businesses tend to use paper documents.
Payment fraud costs US companies billions of dollars every year. So it’s an issue every business needs to be concerned about.
Does your business pay bills using cheques? Do you send out printed invoices? You could be revealing sensitive business information to criminals
Small businesses often have fewer people and resources available for accounting tasks. Which is why many business owners record their transactions on paper. While that may sound like an easy option, there are hidden dangers with using paper documents.
Online bill payment software is fast, easy – and safe
It’s much safer and easier to use a payments solution that enables you to do all your work online. Online payment software makes it easy to pay your bills online quickly and easily from anywhere – as long as you have an internet connection. And you only have to key in data once, which means fewer errors – and no more manual double entry.
Using paper checks and invoices is risky.
FOR MORE INFORMATION
All organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive
investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital
markets. Publicized fraudulent behavior by key executives has negatively impacted the reputations, brands, and
images of many organizations around the globe.
Paper-based fraud is a crime of opportunity that can be prevented through the
use of anti-fraud services and by implementing tight internal controls. It is
important to remember that check fraud continues to grow rapidly and a ects
companies of every size and type.
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