In today’s digital supply chain environment, fraud doesn’t need to break in — it only needs you to let your guard down.
For many organizations, a supplier email update or a seemingly simple banking change can lead to major financial loss. Manual processes, siloed systems, and a lack of verification protocols continue to leave procurement and finance teams exposed.
That’s why Trust Your Supplier (TYS) and LexisNexis Risk Solutions teamed up to address this challenge head-on in a recent podcast discussion — and demo — on how to prevent supplier fraud before it starts.
A Conversation Rooted in Real-World Risk
In this episode, Chad Hill from TYS is joined by John Hutton of LexisNexis Risk Solutions to explore how payment fraud happens, why it’s still getting through, and how procurement and compliance leaders can proactively stop it.
“A lot of companies think validating a bank account at initial supplier onboarding is enough,” Chad notes. “But fraud usually doesn’t come from the first interaction — it sneaks in during a change.”
John brings the perspective of a company that sees the global banking validation and fraud landscape in real time, sharing how fraudsters manipulate payment processes and where organizations tend to overlook risk.
Key Topics Covered
- Where supplier fraud typically originates — and why it’s often overlooked
- What red flags procurement and finance teams should monitor
- The difference between bank account validation and fraud prevention
- How TYS and LexisNexis combine data, secure workflows, and two-factor authentication to block fraudulent changes
- Why email-based supplier updates are no longer safe
- The most critical data points that need to be verified and monitored
See the Fraud Prevention Workflow in Action
The episode includes a live demo of how TYS integrates with LexisNexis to protect the entire supplier update process — from registration through change management and approval workflows.
You’ll see how:
- Suppliers enter their banking information securely through TYS
- All updates are password protected, authenticated, and logged
- LexisNexis validates the banking information behind the scenes
- Buyers have full visibility and control before any change hits the P2P system
Ready to Secure Your Supplier Payments?
Whether you’re just starting to review your fraud prevention strategy or actively looking for solutions, we’d love to show you how Trust Your Supplier can help.