Virtual Payments Webinar: Mitigate Fraud, Secure Payments

Join us for an exclusive live Virtual Payments Webinar to discover how Unimarket’s Payment Risk Score (PRS) is transforming enterprise payment security. In today’s increasingly digital economy, organizations face a complex and evolving landscape of financial risks, with payment fraud standing out as one of the most significant challenges.

This webinar will explore how the PRS provides a systematic and data-driven approach to assessing and mitigating risks across various payment methods—including checks, ACH transfers, virtual cards, and wire transfers. By understanding and managing these risks, enterprises can enhance their financial resilience, safeguard assets, and improve operational efficiency.

You’ll also gain insights into the diversity of payment methods, the unique risks they present, and how the PRS empowers organizations to adapt their payment strategies to evolving threats. Whether you’re focused on reducing fraud, optimizing workflows, or ensuring compliance with industry standards, this webinar offers actionable solutions to strengthen your overall financial security framework.

Learn how to integrate the PRS into your Enterprise Risk Management (ERM) strategy to proactively address payment security risks and optimize workflows. Don’t miss this opportunity to gain actionable insights and practical tools to strengthen your organization’s payment processes.

Darren Blakely

Executive Vice President
Unimarket

As Unimarket's Executive Vice President, Darren spearheads source-to-pay solutions that empower organizations to turn their financial operations into strategic advantages.

With decades of experience in corporate payments and procurement, Darren has founded and led several B2B payments and AP automation companies, driving innovation and growth in the industry, including establishing one of the fastest-growing private companies in America, as recognized by Inc. Magazine.

Chris Wyatt

Chief Strategy Officer & Product Officer
Finexio

Chris is a visionary leader in the B2B payments space with a proven track record of driving innovation and creating value for all stakeholders. As the Chief Strategy Officer at Finexio, he spearheads the development of next-generation APaaS solutions that transform how businesses pay and get paid.

Chris's journey began in the multi-trillion-dollar healthcare vertical, where he gained deep insights into the industry's complex and diverse payment needs. He then leveraged this expertise to bring payment solutions to the entire B2B space, having spent time at multiple Fortune 500 companies.

Over his career, Chris has managed hundreds of billions in B2B payments, relentlessly focusing on reducing complexity, enhancing transparency, and creating value. He regularly engages with industry leaders like Mastercard, Discover, and J.P. Morgan to shape the future of B2B payables.

The Future of Enterprise Payment Risk Management: Unlocking the Power of Virtual Payments

As the financial landscape evolves, businesses are increasingly adopting virtual payment methods to streamline operations and strengthen security. In our upcoming virtual payments webinar, we’ll explore how organizations are moving beyond traditional check payments, which are highly susceptible to fraud, and embracing digital alternatives like ACH transfers, wire payments, virtual cards, and purchasing cards (P-Cards).

This session will help you uncover how virtual payments go far beyond convenience—they’re essential for reducing fraud, cutting costs, and improving operational efficiency. The transition to digital payment methods also presents challenges that this virtual payments webinar will address: How do you identify and assess risks tied to each payment method? What tools can help your business make safer, smarter payment decisions?

Why Businesses Are Embracing Virtual Payments

As businesses adapt to the digital economy, the drawbacks of traditional payment methods, especially checks, have become more apparent. Once a cornerstone of corporate payments, checks now carry significant risks, including fraud, forgery, and inefficiency.

In contrast, virtual payments offer a variety of benefits:

Stronger Security: Virtual cards use encryption and single-use numbers to reduce the chances of unauthorized access.
Faster Transactions: ACH and wire transfers ensurxe funds are delivered quickly and securely.
Cost Savings: By cutting out the manual processes and fees tied to checks, virtual payments significantly reduce overhead.
Improved Control: P-Cards enable companies to manage spending with custom transaction limits that align with policy objectives.

The Power of the Payment Risk Score (PRS)

For businesses embracing digital payments, understanding risk is key. The Payment Risk Score (PRS), a focal point of our virtual payments webinar, helps organizations evaluate and quantify the risks tied to various payment methods. By combining transaction data, fraud trends, and regulatory compliance requirements, PRS assigns a risk score to each payment method.

During the webinar, you’ll learn how these scores are determined. For instance:

Virtual cards are often the lowest-risk option, thanks to their robust security features.
Wire transfers, while reliable for high-value payments, carry moderate risks from phishing attacks.
ACH payments, a popular choice for recurring transactions, present vulnerabilities if access credentials are compromised.

In this virtual payments webinar, we’ll show you how PRS empowers organizations to make informed decisions about their payment strategies. For even more guidance, Unimarket’s Payments Solutions offers the tools to help your business adopt secure and scalable payment methods.

Staying Ahead of Fraud: A Data-Driven Approach

Payment fraud remains a significant concern for businesses. The 2024 AFP Payments Fraud and Control Survey found that 80% of organizations experienced fraud attempts last year, with checks accounting for 66% of incidents.

This virtual payments webinar will highlight how modern technologies like artificial intelligence (AI) and predictive analytics can help combat fraud by:

Detecting anomalies in real-time and flagging suspicious transactions.
Identifying potential risks through detailed analysis of supplier payment patterns.
Continuously refining risk assessments with machine learning to adapt to new threats.

With the insights shared in the webinar, you’ll learn how data-driven tools can improve security across your payment operations. To explore how digital solutions can reduce fraud risks, visit Unimarket’s Payments Solutions.

Real-World Success Stories

This virtual payments webinar will also feature case studies showcasing how businesses have successfully transitioned to virtual payments and reduced their risk exposure.

For example:

A hospitality company handling $80 million in annual payments transitioned 75% of their check payments to virtual cards within months, saving $100,000 annually and earning $150,000 in revenue share.
A manufacturing firm reduced their use of paper checks by 75% in three months, saving $20,000 annually by adopting virtual card and ACH payment solutions.

These real-world examples demonstrate the tangible benefits of adopting secure, efficient payment methods. During the virtual payments webinar, learn how to implement these strategies and explore the tools that made these results possible on Unimarket’s Payments Solutions page.

Integrating Virtual Payments into Enterprise Risk Management

Effective enterprise risk management (ERM) frameworks depend on a proactive approach to payment risks. In this virtual payments webinar, we’ll discuss how PRS integrates into ERM to enhance financial security and ensure regulatory compliance.

Key topics include:

Identifying vulnerabilities and addressing fraud risks before they escalate.
Aligning payment methods with regulatory standards like AML and OFAC compliance.
Improving supplier relationships by identifying potential risks early.
Using data-driven insights to make better financial decisions.

Unimarket’s Payments Solutions provides the technology to seamlessly integrate these practices into your financial operations, ensuring security and scalability.

Why You Should Attend Unimarket's Virtual Payments Webinar

This virtual payments webinar goes beyond the basics of digital payments, offering in-depth guidance for transforming how your organization manages risks, optimizes workflows, and improves financial outcomes. Presented by leading experts from Unimarket and Finexio, the session will deliver actionable strategies tailored to today’s enterprise payment challenges.

What you’ll gain:

An understanding of how PRS reduces fraud and operational risks.
Insights into transitioning from high-risk payment methods to secure alternatives like ACH and virtual cards.
Real-world examples of businesses achieving success through optimized payment strategies.
Tools and techniques to enhance your ERM framework.

Register Today for the Virtual Payments Webinar

The future of enterprise payments is here. Don’t miss this opportunity to gain actionable insights and practical strategies for enhancing your payment processes. Register for the virtual payments webinar now and secure your organization’s place in a more secure, efficient financial landscape.

For additional resources and tools, explore Unimarket’s Payments Solutions and discover how to modernize and secure your payment workflows.