article thumbnail

AvidXchange Names New COO and CPO

CPA Practice

AvidXchange, a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, has announced that John Feldman has been elevated to the role of Chief Operating Officer of AvidXchange, Inc. Feldman is based in Charlotte, North Carolina where AvidXchange is headquartered.

article thumbnail

Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

Attorney’s Office, Western District of North Carolina ] A federal grand jury in Charlotte has indicted Mandy Deann Urban, 47, formerly of Charlotte, with wire fraud, for allegedly embezzling more than $1.1 Attorney for the Western District of North Carolina. million from her employer, announced Dena J.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Founded in 2000 by CEO Michael Praeger, the Charlotte, North Carolina-based firm provides software that automates payments, invoicing and accounting for small and mid-sized businesses (SMBs). The integration means banking customers will gain access to the AvidPay network for streamlined accounts payable (AP).

article thumbnail

Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

This week’s B2B Data Digest dives into the latest statistics of fraud targeting corporate funds through internal employee scams in the accounts payable (AP) and payroll departments, and external frauds that reflect the growing threat of cyberattacks. More on that below.).

article thumbnail

Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. With this news, we decided to focus our Tech Center on the up-and-coming North Carolina city. million over the course of the next three years to build up a FinTech hub in Charlotte.

article thumbnail

Tax Season Adds Extra Fraud Weight For SMBs

PYMNTS

Meanwhile, Forbes reported separate analysis from North Carolina State University warning that as pressure mounts for chief financial officers to hit their financial targets, they’re less likely to report fraud. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5

Tax 65
article thumbnail

Payments Fraud Rides Money Mules Into 2019

PYMNTS

Separately, as reported in North Carolina, Former Buncombe County Manager Mandy Stone admitted guilt to conspire in a kickback scheme, and faces up to five years in prison and a $250,000 fine. According to reports , the scam was allegedly tied to Boatwright having to approve or deny credit applications.