According to a PYMNTS Intelligence report produced with Bottomline, companies that deploy three or more artificial‑intelligence fraud tools can stop about 90 % of payment‑fraud attempts before money leaves their accounts. The study surveyed 150 U.S. treasury and finance executives at firms with at least $100 million in annual revenue.
What the report says
The report, titled “Prevention First: Building a Smarter Defense Against Payments Fraud,” was released in September and is based on a July survey. It shows that a layered approach—combining AI detection with reliable supplier verification and bank‑account checks—offers the strongest protection.
Key numbers that matter
- 90 % of fraud attempts are stopped before funds leave the account when firms use three or more AI tools.
- 89 % of finance leaders say vendor verification is a moderate or major burden.
- 78 % find reconciling payments and accounts similarly burdensome.
- 81 % plan to adopt or improve automated vendor checks at setup.
- 75 % intend to strengthen bank‑account verification before payment.
Why it matters for investors and consumers
For investors, the findings signal that firms investing in a multi‑tool AI strategy are better positioned to protect cash flow and reduce loss exposure—key metrics in valuation models. For consumers, stronger fraud defenses translate to fewer payment errors and higher trust in digital commerce.
