Fraud.net, an award-winning fraud prevention and risk management platform, is being trusted “to advance the development, testing, implementation, and interim oversight of the U.S. e-invoice exchange framework,” as part of the Federal Reserve’s E-invoice Exchange Market Pilot.
Fraud.net‘s inclusion in this pilot is a testimonial to its experience and commitment to protecting businesses at every step in the payment cycle and its expertise in fraud prevention and risk management. Fraud.net serves a variety of enterprises, including banks, fintechs, and payment platforms, especially assisting in the protection of accounts payable departments against invoice fraud.
“We are honored to have been selected to participate in these direct efforts to further modernization of B2B payments. We hope that by offering our experience and specialization to this market pilot, we can help create a robust framework for issuing, verifying, and paying invoices. Fraud.net looks forward to this collaborative endeavor” according to Whitney Anderson, CEO of Fraud.net.
Hosted by the Federal Reserve and Business Payments Coalition (BPC), the E-invoice Exchange Market Pilot will run through the end of 2022 to “establish an operational B2B exchange framework for the U.S. market in 2023.”
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