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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. Attorney Audrey Strauss described the scam as "a new twist on an old trick" through the use of "complex technology.".

Invoicing 119
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Dell Takes An API-Enabled Approach To Fixing Invoicing Pains

PYMNTS

Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. This could mean adopting new accounts payable (AP), accounts receivable (AR) and other treasury strategies and technologies, for example. Around The B2B Payments World.

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E-invoicing frameworks poised for heightened adoption

Future CFO

Finance leaders may have noticed one invoicing trend that emerged in the last couple of years – the way invoices arrive at their organisations has quite clearly changed. Now, with remote and hybrid work commonplace, most invoices are delivered through employees’ and the finance team’s email accounts. Automated verification.

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PayJunction Debuts Digital Invoicing For Virtual Terminal Clients

PYMNTS

Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. The company’s invoice functionality grows use cases from usual billing scenarios. 7) announcement.

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Fairfax, Indicium Collab For Invoice Payments In Mexico

PYMNTS

Fairfax Software and Indicium Solutions have signed a deal to make Fairfax products, which focus on invoicing, available in Mexico, according to a press release. Customers who use the technology will be provided with a link to the Amazon-hosted Quick Pay site through Indicium.

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Buyers And Suppliers Tackle The Invoice-To-Pay Digitization Journey

PYMNTS

The Optimizing AP and AR Playbook , a collaboration between PYMNTS and OnPay Solutions , found last month that an estimated nine billion paper invoices are processed every year in U.S. ” For suppliers, meanwhile, virtual cards offer enhanced security without having to alter card acceptance workflows. .

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Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence.