1. Insurance Terms & Definitions/
  2. Insurance Terms Starting With V

Vendor or Client Payment Fraud

What is Vendor or Client Payment Fraud?

Vendor or Client Payment Fraud is a term that may refer to the illegal or unethical practice of misusing payment information to unlawfully acquire funds from a vendor or client. This type of fraud is typically perpetrated by an individual or organization that has access to a vendor or client’s financial information and uses it to make unauthorized payments or transfers.