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business payments fraud is a really big problem itamp;#39;s the biggest source of cyber crime in the US with a staggering 20 billion dollars lost every year a survey conducted by AFP found that 82% of organizations had been the target of payments fraud and 60% of the attempts were made by a fraudster hacking a suppliers email and requesting a change to their bank account fraud is occurring so frequently because nearly all business communications happen over unsecure channels making it incredibly difficult to verify identities do you really know who youamp;#39;re doing business with the process of verifying information is entirely dependent on your employees making judgments based on imperfect information for the thousands of organizations and individuals you pay itamp;#39;s only a matter of time before someone gets it wrong you need a better way introducing payment works our business identity platform allows payers and payees to exchange verified identity elements in a networked env
