Electronic Payment Fraud Prevention Best Practices

Avoiding electronic payments or using positive pay doesn't make you safe. Electronic payment fraud is the fastest-growing type of payment fraud, and criminals target small and mid-sized companies, municipalities, schools and not-for-profits as well as large firms. This fast-paced 60-minute webinar on electronic payment fraud prevention shows the steps that protect your organization.

You'll learn the types of ACH payments and six types of ACH payment fraud, including the two fastest growing, and how bring-your-own-device (BYOD) practices affect your payment process.

The session explains how to work around the limited legal protection your bank provides, which bank products to request and the payment process practices that reduce ACH risk. It draws on advice from several respected sources.

• Identify the types of ACH payments
• Distinguish six types of ACH payment fraud, including the two fastest growing
• Address BYOD risks in your payment process
• Work around the limited legal protection from your bank
• Instruct your bank to use products that protect your company
• Implement payment process best practices that protect ACH payments

• Types of ACH payments
• Six types of ACH payment fraud, including the two fastest growing
• BYOD issues and their effect on your payment process
• The limited legal protection from your bank
• Bank products to protect your company
• Best payment process practices for ACH payments

Taking money from an organization's bank account is easier than ever, and businesses don't have the same fraud protections as individuals. If a theft isn't reported within 24 hours, you will probably absorb the loss, which can be large.

The session suits controllers, accountants and GL managers, internal and external auditors, CFOs and finance staff, procurement, and accounts payable and receivable managers and professionals.

• Accountants: Controllers, Assistant Controllers, Accountants, Accounting Managers, GL Managers
• Auditors: Company Internal Auditors, Accounting Firm Auditors
• Finance
• CFO
• Procurement
• Accounts payable: Managers ,Directors, Supervisors and Professionals
• Accounts receivable: Managers, Directors, Supervisors and Professionals
• Other

Mary S. Schaeffer is the founder of AP Now, a B2B organization focused on creating business intelligence around the accounts payable and payment functions. She has written 18 business books and is a frequent and popular speaker at both online and live events. Schaeffer has created a number of CPE self-study courses, customized training and online training events. She is the developer of the Accounts Payable Best Practice Certificate program. Previously she held positions as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. She has an MBA in Finance from NYU and a BS in Mathematics from York College (CUNY).