There are bad actors every time of year trying to intercept B2B payments, but the holidays can be an especially busy time for fending off fraudsters. The story of the Grift may or may not warm your heart, but it will certainly stuff your metaphorical stockings with knowledge about B2B payment fraud and how to prevent it. Isn't that the greatest gift of all?
AP teams like secure payments a lot
But the Grift on Mount Fraud absolutely does not
The Grift prefers easy targets, with good reason;
With them, he can ruin our holiday season
The Grift had an idea. An awful idea.
The Grift got a wonderful, awful idea!
And quickly, he stole a supplier credential
And gathered the data he found most essential
“With this login,” he laughed, “I’m the virtual clone
Of a business they call 'Build-a-Gingerbread Home!'”
You’re a shady one, Mr. Grift!
You really are a jerk.
You’re as charming as a spider!
You are fraudulence at work!
Mr. Grift! You’re a nightmare
for an AP clerk!
And he did the same with other suppliers’ accounts
And that Grift left their payers with zero amounts
And the supplier security he saved for last,
He figured, would be just as smooth to get past
And what happened then? Well, I’ve heard them say
The Grift’s frustration grew three sizes that day
And now that his fraud didn’t come quite so easily,
He slinked away Griftily, but just as sleazily
Fraud comes without warning or ribbons or tags
Fraud comes without packages, boxes, or bags!
But be of good cheer! Cuz this season, you’ll know
How to ward off that fraud this year, banish this foe!
Yes, you and your AP team will be more fine
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