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India Topples B2B Invoice Scam

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Daya Shankar Kushwaha was arrested by tax officers in New Delhi for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, according to reports on Monday (Feb. The accused allegedly tapped a network of 49 shell firms for the business to business (B2B) scam that defrauded the government.

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Invoice Fraud Strikes Amazon In $19M Scam

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In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Fitzhugh warned, "Invoice fraud is not a victimless crime. Canada and the world over. Canada and the world over.

Invoicing 119
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Usio Broadens Footprint In B2B Invoice Payments Market

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Accounts payable invoice automation provider Invoice Stream is integrating its technology into payments services provided by Usio. In a statement, Usio EVP and Chief Revenue Officer Vaden Landers said the costs and friction associated with receiving and paying paper invoices create a struggle for companies today.

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Dell On How The Pandemic Is Pushing The Pace Of B2B Invoice, Payment Delivery

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Business-to-business (B2B) payment practices are undergoing some of the most notable shifts as corporate buyers and sellers seek new transaction methods and tools to help them pay and be paid quickly. That means leaving old-fashioned AR methods behind, as many corporate clients no longer want to receive invoices in the mail. . “It

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Dell Takes An API-Enabled Approach To Fixing Invoicing Pains

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The COVID-19 pandemic is inspiring many businesses to accelerate their shifts to digital transaction methods as workforces operate remotely from home, and many are finding that doing so is helping them overcome traditional business-to-business (B2B) payment frictions. Around The B2B Payments World. Find the story in the Report.

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Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles

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Transacting with vendors through paper checks and receiving paper invoices have become more difficult due to postal service disruptions, companies’ shifts to working out of office and financial strains, however. These strains are prompting more construction firms to turn to faster, digital means of conducting their B2B transactions.

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The Invoice Lands In The Corporate Cyber Fraud Spotlight

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Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.

Invoicing 101