Bottomline Discusses B2B Payment Fraud Prevention
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AI-assisted source synthesis · not an independent investigation.
On November 4, 2026, PYMNTS reported that Katie Elliott, Bottomline’s head of risk and fraud, discussed B2B payment fraud prevention. She noted that criminals use artificial intelligence to research companies’ invoices, approval limits, and payment timing, then induce companies to transfer funds by imitating normal business communications. Elliott advised companies not to confirm payments based solely on invoices, but to verify business identities, control of recipient accounts, and payment instructions before making payments, while establishing review measures that incorporate risk assessments, behavioral signals, and employee education. She also noted that funds are often difficult to recover once they have arrived.
AI-written from reports · updated 2 hours ago
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- PYMNTSWhy B2B payments need verification beyond the invoice
Katie Elliott, head of risk and fraud at Bottomline, says criminals use AI to research invoices, approval limits and payment timing, impersonating routine business communications to induce companies to transfer funds. Before making payments, companies should verify business identities, control of beneficiary accounts and payment instructions, and set up reviews that combine risk assessments, behavioral signals and employee education; once funds arrive, they are often difficult to recover.
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