Is Your Financial Infrastructure Built for Resilience and Growth?
What kind of financial back office do you want? One that is so slow and methodical that it becomes an impediment to performance. Or one that’s so fast, smart, and resilient, it drives success? That’s a trick question. In today’s business environment, you don’t have a choice. Friction from slow, methodical processes can ripple through…
Read MoreThe Driving Forces Behind the Explosive Growth In Virtual Cards
It’s been said that the Covid-19 lockdowns compressed five years of digital transformation into one. This happened by need, not choice. Just about every manual process in every industry needed a digital update. In finance departments, the need proved particularly acute. Sixty-two percent of finance professionals reported that the shift to remote work led to…
Read More12 Tips to Protect Your PEX Account from Risks & Attacks
Contrary to popular belief, online criminals don’t only look for easy targets. If the target is banking or other financial services, they’ll work harder to penetrate defenses to get to your account. Here are 12 tips to protect your account, including some that let you take advantage of the special security tools that PEX offers.…
Read MoreSecurity Checklist
How to Combat Mail and Check Fraud with PEX Virtual Vendor Cards
“The check is in the mail.” Famously, one of the big lies in business, it’s now one of the biggest risks. According to the Federal Reserve “Reports of check fraud have almost doubled from 2021 to 2022, 680,000 cases in 2022, and 350,000 in 2021.” Similarly, 2021 saw roughly 300,000 complaints of mail theft, more…
Read MoreThe First Line of Defense Against Fraud Is You
One of our most important goals at PEX is protecting our customers. This is why we are always here to remind them of the resources and information needed to help them prevent, recognize, and report phishing attempts and fraud. According to this article, “Phishing email statistics suggest that nearly 1.2% of all emails sent are…
Read MoreFor Security and Simplicity, Make Your “Card on File” a Virtual Vendor Card.
Card on file. In so many ways, it makes business operations so simple. No accounts-payable bottlenecks. No interruptions in service. No late-payment penalties. However, every time you give someone a credit or debit card number, you inadvertently give them control over what they charge and when they charge it. And with every vendor you provide…
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