Small businesses need a fair, practical response when fraudsters divert business payments. Co-sign the Fair Play Council’s Business Fraud Standard, which asks banks and payment providers to verify payee names, act quickly on recall requests and reimburse eligible small businesses harmed by authorised push payment and business email compromise fraud.
1,500 co-signers: 610 of 1,500 co-signers
Key findings
- A fraudulent invoice or email can redirect money a small business cannot afford to lose.
- Reseated gathers reports from business owners and tests recurring problems against five questions: Volume, Frequency, Consistency, Spread and Corroboration.
- As of 28 October, the Fair Play Council has 214 members in 42 countries and has received 712 reports from 49 countries.