Remove Credit Card Payments Remove Document Remove Transactions
article thumbnail

Mitigating Commercial Credit Fraud

Your Virtual Credit Manager

To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Those policies and procedures, however, also need to include practices designed to mitigate the risk of fraudulent transactions. (Jp Falsifying documents is another way criminals perpetrate frauds.

article thumbnail

How to Accept Credit Card Payments Over the Phone

Fundera

How to Accept Credit Card Payments Over the Phone. In order to accept credit card payments over the phone, you’ll need to work with either a merchant account provider or payment service provider. How to Accept Credit Card Payments Over the Phone: What You Need.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Trade-based money laundering: The link to terrorist financing

Abrigo

In more complex systems, TBML sellers falsify invoices to undervalue or overvalue products’ price, quantity, or quality, repeatedly import and export the same commodity, or use shell companies and third-party intermediaries to facilitate transactions. Stay up-to-date on the latest FinCEN priorities.

article thumbnail

What’s the Difference Between a Purchase Order and an Invoice?

Fundera

Purchase orders and invoices are just some of those documents that you want to get right from the beginning. Chances are you’ve stumbled across one or both of these documents, especially if you’re a B2B company. A purchase order (PO) is a document created by a buyer and sent to a seller. Payment terms and conditions.

article thumbnail

Former CEO of Sustainable Fuel Company sentenced for $20m embezzlement

Due

To cover his tracks, Sherbacow resorted to altering bank statements and company documents. He then audaciously shared these falsified records with the company board and an outside accounting firm, betraying the trust placed in him. Sherbacow also misled investors, showing them false and fabricated bank statements on multiple occasions.

article thumbnail

Merchant Accounts for Small Businesses: What to Know, How to Apply

Lendio

Merchant accounts are specific accounts that give small businesses the ability to accept various customer payment methods more easily—most often debit and credit card payments. Merchant accounts are run by merchant-acquiring banks that handle communication and transactions between customers and businesses.

article thumbnail

PayPal Small Business Review 2017

Fundera

PayPal has evolved too, with a variety of options for helping small business owners with online and offline transactions. It’s turned into a robust suite of payment solutions for small businesses and large enterprises alike. See if any of these PayPal offerings could be a good fit for your payment processing needs. Integrations.