As Fraudsters Target Corporate Cash, CIOs Demand Grows for Payment Hubs
June 7, 2019
Today, many CFOs alongside CIOs are implementing payment hubs to protect corporate cash through better payment controls.
While inefficient payment processes inhibit supply chains, cash flow and profitability, they also create a ripe opportunity for fraudsters. Payment hubs have emerged as the preferred solution of many treasury and finance leaders to combat fraud. Not only do payment hubs help fight against the increasing threat of fraudulent attacks and cybercrime, they have the potential to provide global visibility into payments to ensure consistency and compliance. Additionally, payment hubs can optimize cash and improve overall working capital.