The results of the 2009 Association for Financial Professionals (AFP) Payments Fraud and Control Survey show that payments fraud is rampant; a majority of organizations experienced attempted or actual payments fraud in 2008. Highlights of key findings include: 1) 71 percent of organizations experienced attempted or actual payments fraud in 2008; 2) 30 percent of survey respondents reported that incidents of fraud increased in 2008 compared to 2007; and 3) 63 percent of organizations that were victims of actual and/or attempted payments fraud in 2008 experienced no financial loss from payments fraud. These findings underscore the importance of fraud control measures to mitigate risk and reduce exposure to losses from emerging assaults to payment. One of AFP's goals is examining the nature and frequency of fraudulent attacks on business-to-business payments and the industry fraud-risk tools that organizations use to control payments fraud. This report presents the results of the 2009 Payments and Fraud Control Survey conducted by AFP to capture the payments fraud experiences of organizations during 2008. Figures and tables