The Securities and Exchange Commission has charged two former executives at iPayment, a Westlake Village, California-based credit card processing company, with overseeing a scheme to steal millions of dollars via bogus expense reimbursements, inflated invoices and various accounting maneuvers.
Viewpost, a B2B network for electronic invoicing, payments and cash management, has partnered with MasterCard issuer Comdata so its clients can pay suppliers via virtual credit card.