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Invoice Fraud Strikes Amazon In $19M Scam

PYMNTS

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.

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Easing The Online Shift With Integrated Invoicing

PYMNTS

The company has connected its SecurePay payment gateway solution within the accounting platform, allowing for SMBs to generate invoices and receive payment without having to leave QuickBooks. According to Yakov, it can certainly support digitization of B2B payments, with SecurePay able to support both ACH and card transactions. "I

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PayPal Launches Invoice API For Online Sellers

PYMNTS

PayPal is introducing an electronic invoicing application programming interface (API) for online sellers in an effort to promote PayPal’s presence on eCommerce and other digital platforms. Invoices can be sent in 25 currencies in more than 200 markets around the globe, with PayPal managing foreign currency conversion.

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Report: Overcoming Cross Border Invoice Complexities

PYMNTS

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. Businesses have gone back to the drawing board to rethink their payments approaches during the COVID-19 pandemic.

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Opportunities In eCommerce And Digitized B2B Payments

PYMNTS

Best Buy is modifying some store formats and delivery functions to contend with eCommerce orders and a dramatic rise in curbside pickup amid the accelerated arrival of the digital-first economy. Data: $171K : Average annual cost businesses incur from processing paper invoices. In auto sales, CarLotz, Inc. , All this, Today in Data.

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Optimizing B2B eCommerce Payments From The Moment Of Onboarding

PYMNTS

As more seller organizations embrace the B2B eCommerce model, they're quickly coming to realize that for buyers, the B2B payment experience begins right at the moment of onboarding. Credit scoring a new customer provides visibility into the probability that the buyer will actually pay an invoice upon receipt of goods or services.

B2B 105
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B2B eCommerce Gets Civilized

PYMNTS

The first and oldest writings of human civilization were not poems or prayers: they were invoices. In the February 2020 B2B eCommerce Report , done in collaboration with American Express , we learn how B2B buyers and sellers are using eCommerce to bypass outdated paper-based billing and payment terms. Where’s the Trust?

B2B 73