Although the majority of business-to-business (B2B) payments are made by check, the high rate of fraud in the world of paper-based payments is starting to convince businesses they should consider electronic transactions. The following data, from the 2011 AFP Payments Fraud and Control Survey by the Association for Financial Professionals, points to why the shift is occurring. Approximately 337 financial professionals from 15 different sectors, including manufacturing, retail, government, energy, banking and financial services, and others, responded.
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