Five Types of Fraud in Factoring & How Technology Can Help
Lisa Murphy
June 13, 2023
Factoring is susceptible to various types of fraud. Here are five of the most common types: Timing Fraud: Timing fraud involves manipulating the timing of invoices and payments to deceive the factoring company. For example, a company might delay reporting payments received from customers to make it appear as though the invoices are outstanding and eligible for factoring.
