Invoice Fraud

Invoice fraud is when fake invoices are sent to targeted businesses in an attempt to extract money from companies with vulnerabilities in their accounts payable processes.

Source: blog.procurify.com

Europe Grabs B2B Payments Fraud (Small And Large) Headlines

Europe Grabs B2B Payments Fraud (Small And Large) Headlines
Europe Grabs B2B Payments Fraud (Small And Large) Headlines
August 17, 2018  |  B2B Payments

The land down under has seen some underhanded tactics when it comes to payments fraud. Beyond some cautionary tales tied to phishing, in Europe one finance...

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Interpreting The Language Of The Supplier Invoice
Interpreting The Language Of The Supplier Invoice
August 08, 2018  |  B2B Payments

In FinTech‘s never-ending path to combating friction, B2B solution providers often take one of two approaches: design a holistic solution that allows a company to...

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 Invoice Fraud, Global In Reach, As GDPR Looms
 Invoice Fraud, Global In Reach, As GDPR Looms
May 16, 2018  |  B2B Payments

 As new compliance rules loom – GDPR and CDD – new acronyms (and mandates) make companies scramble to get to know their suppliers a bit...

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NatWest, Vocalink Analytics Go After Invoice Fraud
NatWest, Vocalink Analytics Go After Invoice Fraud
April 04, 2018  |  B2B Payments

U.K. bank NatWest is teaming up with payments company Vocalink Analytics to tackle B2B invoice fraud, the firms announced in a Tuesday (Apr. 3) press...

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US Judge Sentences Man For $25M Supplier Invoice Scam
US Judge Sentences Man For $25M Supplier Invoice Scam
December 18, 2017  |  B2B Payments

A U.S. judge has sentenced a Nigerian man to three years and five months in prison for his role in a business email compromise scam....

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FinServ Has The Power To Combat Invoice Fraud
FinServ Has The Power To Combat Invoice Fraud
March 29, 2017  |  B2B Payments

A new report from Global Financial Integrity (GFI) is highlighting the contribution fraudulent trade invoicing makes to the $2.2 trillion in transnational crime every year....

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China Tackles Trade Invoice Fraud To Stunt Capital Outflow
China Tackles Trade Invoice Fraud To Stunt Capital Outflow
May 06, 2016  |  B2B Payments

Hong Kong is looking to curb the illegal outflow of capital from China, the apparent result of fake trade invoices, reports said on Thursday (May...

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