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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. Canada and the world over.

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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. B2B payments automation can save companies valuable time and make it easy for employees working from home to process invoices and reconcile payments. About The Report.

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U.S. Bank: How Legacy Systems Impede Open Banking Adoption

PYMNTS

Studies have found that B2B invoices take an average of 37.4 Digitizing these payments has been a top priority for banks, payments processors and businesses for several years, but this digitization has its own fair share of obstacles like interfacing disparate banking software and ensuring fraudsters cannot intercept payments mid-transfer.

Banking 114
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Deep Dive: How Open Banking Helps Accelerate B2B Payments

PYMNTS

Open banking is shaking up the financial industry and is poised to revolutionize the way banks share data with each other as well as with third-party app developers, FinTechs and payment providers. There are a multitude of benefits that open banking brings to B2B payments. Open Banking Initiatives Around The World.

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FinTechs Expand Open Banking Opportunity For Banks

PYMNTS

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Banking 95
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World’s Best SME Banks 2025: Regional Winners

Global Finance

Africa : UBA United Bank for Africa (UBA) is celebrating its 75th anniversary. With a portfolio of over a million SME clients and a loan book of $90 million, the bank has been instrumental in ensuring that SMEs remain the engine of growth. The bank also ensures easy transaction processing through its UBA Afritrade and UBA Connect.

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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. The former NAB employee was found guilty and sentenced to eight years in prison.

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