Category: PGP Encryption

Is payment fraud a real issue for businesses?

Fraud is a serious risk that companies face in this complex global business environment. A 2008 study has shown, nearly 1/3 of companies had experienced a fraud in relation to payments. Switching to an EFT solution such as B4B, which includes PGP (Pretty Good Privacy) Encryption as an option as appose to relying on cheques and manual payment processes can provide reassurance, better security and complete knowledge of payments being made.