--- title: PaymentWorks Blog | banks description: banks | --- [![PaymentWorks](https://blog.paymentworks.com/hubfs/PaymentWorks_February2020/images/logo.svg)](https://www.paymentworks.com/) - How it Works - - [Overview](https://www.paymentworks.com/how-it-works) - [Why it Matters](https://www.paymentworks.com/why-it-matters) - - For Payers - See how they do it at: - [University of Kentucky](https://www.paymentworks.com/case-studies/kentucky/) - [Hackensack Meridian](https://www.paymentworks.com/case-studies/hackensack-meridian/) - [Johns Hopkins](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) - For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) - About - - [About Us](https://www.paymentworks.com/about-us/paymentworks/) - [Our Partners](https://www.paymentworks.com/about-us/partners/) - [Work Here](https://www.paymentworks.com/about-us/work-here/) - [Blog](https://blog.paymentworks.com/) - [Press](https://news.paymentworks.com/press) - [Refer A Lead](https://share.hsforms.com/1NZzs6_82R52Z5GNpdHp4tA49idv) - Contact - - - - - Sales - [info@paymentworks.com](mailto:info@paymentworks.com) - - Support - [support@paymentworks.com](mailto:support@paymentworks.com) - - - Press - [press@paymentworks.com](mailto:press@paymentworks.com) - - HQ - [info@paymentworks.com](mailto:info@paymentworks.com) - 51 Sawyer Road Suite 310 Waltham, MA 02453 - [Sign In](https://www.paymentworks.com/accounts/login/) [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) - [Sign In](https://www.paymentworks.com/accounts/login/) - [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) ![banner-image](https://blog.paymentworks.com/hubfs/PaymentWorks_March2020_Blair/images/paymentworks-hubspot-banner_v2-04.png) ## PaymentWorks Blog ## [Fraud Never Sleeps](https://blog.paymentworks.com/fraud-never-sleeps) Posted by [Alex Wong](https://blog.paymentworks.com/author/alex-wong) on Sep 7, 2022, 10:01:00 AM - [Tweet](https://twitter.com/share) [![panel discussion with JP Morgan, Chubb and PaymentWorks](https://blog.paymentworks.com/hubfs/IMG_1209.jpeg)](https://blog.paymentworks.com/fraud-never-sleeps) J.P. Morgan, Chubb Insurance and PaymentWorks recently came together for an enlightening panel discussion on the state of fraud today. The bad news? Fraud isn’t going away – in fact, the FBI tells us it’s a[$43 billion dollar problem](https://www.ic3.gov/Media/PDF/AnnualReport/2021_IC3Report.pdf). The good news: There are tangible things you can do to protect yourself and your organization. **Here are my top 3 takeaways from the discussion that will help you stay vigilant and prevent a social engineering fraud from costing your business millions.  **   [Read More](https://blog.paymentworks.com/fraud-never-sleeps) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/fraud-never-sleeps#comments-listing) Topics: [compliance](https://blog.paymentworks.com/tag/compliance), [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [insurance](https://blog.paymentworks.com/tag/insurance), [ACH](https://blog.paymentworks.com/tag/ach), [business payments](https://blog.paymentworks.com/tag/business-payments), [banks](https://blog.paymentworks.com/tag/banks) ## [What Banks are Spending Money on in 2022](https://blog.paymentworks.com/what-banks-are-spending-money-on-in-2022) Posted by [Hayley Haynes](https://blog.paymentworks.com/author/hayley-haynes) on May 10, 2022, 9:26:14 AM - [Tweet](https://twitter.com/share) [![](https://blog.paymentworks.com/hubfs/Business%20man%20in%20suit%20looking%20at%20cloud%20with%20falling%20money%20and%20sun.jpeg)](https://blog.paymentworks.com/what-banks-are-spending-money-on-in-2022) In an effort to stay competitive U.S. banks are budgeting big money on tech updates in 2022! ![Business man in suit looking at cloud with falling money and sun](https://blog.paymentworks.com/hs-fs/hubfs/Business%20man%20in%20suit%20looking%20at%20cloud%20with%20falling%20money%20and%20sun.jpeg?width=296&name=Business%20man%20in%20suit%20looking%20at%20cloud%20with%20falling%20money%20and%20sun.jpeg) JP Morgan Chase[recently announced](https://www.emarketer.com/content/jpmorgan-investors-press-more-details-on-tech-spending) plans to spend most of its new project budget – a number close to *$15 billion* – on tech plans as a necessary means to meet customer expectations and compete with other banks and fintechs who are making innovative use of tech.  So exactly what type of technology are these dollars being spent on?  [Read More](https://blog.paymentworks.com/what-banks-are-spending-money-on-in-2022) 0 Comments [Click here to read/write comments](https://blog.paymentworks.com/what-banks-are-spending-money-on-in-2022#comments-listing) Topics: [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [insurance](https://blog.paymentworks.com/tag/insurance), [risk](https://blog.paymentworks.com/tag/risk), [social engineering fraud](https://blog.paymentworks.com/tag/social-engineering-fraud), [banks](https://blog.paymentworks.com/tag/banks) [All posts](https://blog.paymentworks.com/all) ![PaymentWorks-Logo-Black_600tall](https://blog.paymentworks.com/hs-fs/hubfs/Branding/Logos/PaymentWorks-Logo-Black_600tall.jpg?width=272&name=PaymentWorks-Logo-Black_600tall.jpg) Digital Supplier Onboarding for Secure, Compliant, and Optimized Business Payments. - **Eradicate** Fraud - **Ensure** Compliance - **Eliminate** Paper ### Sign up to be alerted when we publish interesting things ### Recent Posts ### Posts by Tag - [payments fraud (28)](https://blog.paymentworks.com/tag/payments-fraud) - [risk (25)](https://blog.paymentworks.com/tag/risk) - [vendor master (19)](https://blog.paymentworks.com/tag/vendor-master) - [insurance (13)](https://blog.paymentworks.com/tag/insurance) - [ACH (12)](https://blog.paymentworks.com/tag/ach) - [AP (12)](https://blog.paymentworks.com/tag/ap) - [compliance (12)](https://blog.paymentworks.com/tag/compliance) - [podcast (8)](https://blog.paymentworks.com/tag/podcast) - [procurement (6)](https://blog.paymentworks.com/tag/procurement) - [social engineering fraud (6)](https://blog.paymentworks.com/tag/social-engineering-fraud) - [business payments (5)](https://blog.paymentworks.com/tag/business-payments) - [higher education (5)](https://blog.paymentworks.com/tag/higher-education) - [Cyber Security (3)](https://blog.paymentworks.com/tag/cyber-security) - [banks (2)](https://blog.paymentworks.com/tag/banks) - [identity (2)](https://blog.paymentworks.com/tag/identity) - [supply chain (2)](https://blog.paymentworks.com/tag/supply-chain) - [tips from the frontlines (2)](https://blog.paymentworks.com/tag/tips-from-the-frontlines) - [#paymentsfraud (1)](https://blog.paymentworks.com/tag/paymentsfraud) - [Insider (1)](https://blog.paymentworks.com/tag/insider) - [vendor management (1)](https://blog.paymentworks.com/tag/vendor-management) See all #### How it Works [Overview](https://www.paymentworks.com/how-it-works) [Why it Matters](https://www.paymentworks.com/why-it-matters) #### For Payers - See how they do it at: [*Hackensack Meridian*](https://www.paymentworks.com/case-studies/hackensack-meridian/) [*University of Kentucky*](https://www.paymentworks.com/case-studies/kentucky/) [*Johns Hopkins Enterprises*](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) #### For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) #### About [About Us](https://www.paymentworks.com/about-us/paymentworks/) [Our Partners](https://www.paymentworks.com/about-us/partners/) [Work Here](https://www.paymentworks.com/about-us/work-here/) [Press](https://news.paymentworks.com/press) #### Contact Us - Sales [info@paymentworks.com](mailto:info@paymentworks.com) - Support [support@paymentworks.com](mailto:support@paymentworks.com) - Press [press@paymentworks.com](mailto:press@paymentworks.com) - HQ [info@paymentworks.com](mailto:info@paymentworks.com) ##### 51 Sawyer Road Suite 310 Waltham, MA 02453 © 2014 - 2021 PaymentWorks, Inc. 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