Companies using several artificial intelligence fraud tools are more likely to stop attempted theft before money leaves their accounts, offering an encouraging direction for businesses strengthening payment defenses.

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That’s a central finding of “Prevention First: Building a Smarter Defense Against Payments Fraud,” a PYMNTS Intelligence report produced in collaboration with Bottomline. The September report draws on a July survey of 150 U.S. treasury and finance executives at companies with at least $100 million in annual revenue. It finds that stronger fraud protection combines technology with reliable supplier verification and payment controls. AI can help identify suspicious activity, but companies still need to confirm who they’re paying. Think of those checks as several locks on the same door, each providing another opportunity to stop an intruder.

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Three findings show where businesses are making progress and where they have room to improve:

The report also finds that prevention remains demanding work. Some 89% of finance leaders describe vendor verification as a moderate or major burden, while 78% say the same about reconciling payments and accounts. Companies are directing investment toward those needs: 81% expect to adopt or improve automated vendor checks at setup and 75% plan to strengthen bank account verification before payment. Those priorities put practical improvements at the center of fraud defense.

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