Payments Fraud: Detect and Prevent Check ACH and P-Card Schemes

Vendor payments are no longer a matter of an invoice and a check. Credit cards, P-cards, ACH and wires bring speed and convenience, along with new openings for fraud. This 90-minute check, ACH and P-card fraud prevention webinar explains how these schemes work and how to stop them.

Drawing on insight from investigations of actual fraudsters, it looks at who commits each major type of payments fraud, vendor and billing schemes that take advantage of control gaps, and electronic schemes like ACH hijacking, spear-phishing and social engineering. Check counterfeiting, forgery and tampering are covered too.

You'll also learn to separate outside schemes from inside attacks, assess fraud risk on the payment methods you rely on, and spot red flags early.

• Recognize who commits check, ACH and P-card fraud and how
• Identify vendor, billing and electronic payment schemes
• Separate external payment schemes from internal attacks
• Assess fraud risk across your most used payment methods
• Detect red flags before losses become material
• Use bank-provided fraud prevention tools
• Strengthen controls with segregation of duties, background checks and training

• Who commits each major type of check, ACH and P-card fraud
• Lessons from investigating real fraudsters
• Vendor and billing schemes that exploit payment control gaps
• Electronic payment schemes: ACH hijacking, spear-phishing, social engineering and more
• Check counterfeiting, forgery and tampering
• Telling external payment schemes from internal attacks
• A cost-effective fraud risk assessment of your main payment methods
• Critical red flags of check, ACH and P-card fraud
• Detecting fraud before material financial damage
• Getting the best fraud prevention tools from your financial institution
• Better controls: segregation of duties, employee background checks and awareness training

According to the Association for Financial Professionals (AFP), more than 73% of organizations are targeted by payments fraud. Not every attempt causes a loss, but criminals remain aggressive, and organizations that don't keep up risk lost card data, new check fraud and hijacked ACH and wire accounts, from outsiders or employees.

Designed for CPAs, CFOs, controllers, treasurers, AP and treasury teams, internal auditors, compliance officers and risk managers.

• CPAs
• Financial services professionals
• Senior financial executives
• Internal auditors
• AP managers
• Treasury staff
• Operations managers
• Controllers, CFOs
• Treasurers
• Compliance officers
• Security and risk managers

Peter Goldmann is president of FraudAware LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. The newsletter is in its 15th year of publication under Peter's leadership. Peter is the author of “Fraud in the Markets: Why it Happens and How to Fight It”, published by John Wiley & Sons, as well as four other anti-fraud books. Peter also developed FraudAware, the leading employee fraud awareness training program. A user-friendly learning tool, FraudAware uses workshop, Webinar and E-Learning formats to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct. In addition, Peter has conducted numerous on-site fraud detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies and large not-for profit organizations. He has also been a guest lecturer for college accounting and auditing courses. Peter has 30 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a Certified Fraud Examiner. Peter holds a Bachelor's degree from the University of Michigan and a Master's from the London School of Economics (CFE).