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

Phony AI-Created Receipts Become Real Problem for Businesses
Phony AI-Created Receipts Become Real Problem for Businesses
October 26, 2025  |  Security & Fraud

Artificial intelligence (AI) is reportedly helping employees scam their bosses with phony expenses receipts. Get the Full Story Complete the form to unlock this article...

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Routable Adds Fraud-Detecting AI Agent to AP Automation Platform
Routable Adds Fraud-Detecting AI Agent to AP Automation Platform
February 06, 2025  |  Fraud Prevention

Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. Get the...

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Invoice Invasion: Defending the Finance Department From Hidden Fraud Risks
Invoice Invasion: Defending the Finance Department From Hidden Fraud Risks
September 17, 2024  |  Security & Fraud

Businesses can’t grow without getting paid, and businesses won’t get paid without an invoice. Get the Full Story Complete the form to unlock this article...

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Basware Debuts AI-Powered Fraud Prevention Tool
Basware Debuts AI-Powered Fraud Prevention Tool
April 22, 2024  |  Fraud Prevention

Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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It’s Not Enough That Businesses Win – Fraudsters Must Also Lose 
It’s Not Enough That Businesses Win – Fraudsters Must Also Lose 
June 08, 2023  |  Security & Fraud

The digital age has brought with it a new, sophisticated twist to traditional fraud threats. Get the Full Story Complete the form to unlock this...

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PYMNTS Intelligence: How SMBs Can Fight the Fraud Threats of Remote Work
PYMNTS Intelligence: How SMBs Can Fight the Fraud Threats of Remote Work
April 04, 2023  |  Fraud Prevention

Remote working was a boon to businesses during the pandemic, as technology allowed many companies to remain productive when much of the world was shutting down. Along with...

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Authentication Is Necessary to Stop Invoice Fraud
Authentication Is Necessary to Stop Invoice Fraud
January 19, 2023  |  B2B Payments

Only 38% of businesses are using document and identity authentication tools, leaving most organizations vulnerable to fraud attacks linked to incoming payments. In this month’s...

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Paper Checks Pose Major Risk to Corporate Coffers
Paper Checks Pose Major Risk to Corporate Coffers
September 06, 2022  |  B2B Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Feds Charge 20 in Alleged $150M COVID Fraud Schemes
Feds Charge 20 in Alleged $150M COVID Fraud Schemes
April 20, 2022  |  Legal

Federal prosecutors have filed charges against a number of people over the past few weeks for allegedly carrying out a variety of scams connected to...

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