Payments Fraud Detect & Prevent Check, ACH and P-Card Schemes

Paying vendors used to mean processing an invoice and cutting a check. Today, P-cards, ACH and wire transfers open new routes for fraudsters, and this 60-minute payments fraud webinar shows how to detect and prevent the main check, ACH and P-card schemes.

You'll look at who commits each type of payment fraud, with insight from investigations of real fraudsters, and at vendor and billing schemes that exploit weak payment controls. The session covers current electronic schemes such as ACH hijacking, spear-phishing and social engineering, plus check counterfeiting, forgery and tampering.

It also explains how to tell external schemes from internal attacks and how to run a cost-effective fraud risk assessment of the payment methods you use most.

• Identify who commits each major type of check, ACH and P-card fraud
• Recognize vendor, billing, electronic and check fraud schemes
• Distinguish external payment schemes from internal attacks
• Conduct a cost-effective fraud risk assessment of your payment methods
• Spot critical red flags and detect fraud before material losses occur
• Obtain the right fraud prevention tools from your financial institution
• Recommend controls such as segregation of duties, background checks and awareness training

• Who commits each major type of check, ACH and P-card fraud
• Insight from investigating actual fraudsters
• Vendor and billing schemes that exploit payment control weaknesses
• Current electronic payment schemes: ACH hijacking, spear-phishing, social engineering and more
• Check counterfeiting, forgery and tampering schemes
• Detecting external payment schemes versus internal attacks
• Cost-effective fraud risk assessment of your most used payment methods
• Red flags of check, ACH and P-card fraud
• Fraud prevention tools from your financial institution
• Stronger fraud controls: segregation of duties, background checks and employee awareness training

Payment fraud threats change quickly. The Association for Financial Professionals (AFP) estimates that over 73% of organizations are targets of payment fraud. Falling behind can mean exposed card data, new forms of check fraud and hijacked ACH and wire accounts, by cyber-criminals or your own employees.

This session suits CPAs, controllers, CFOs, treasurers, treasury and AP staff, internal auditors, operations managers, compliance officers and security 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

Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers and nearly 20 years of experience with the implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine and is a published author, and speaker, on procure-to-pay best practices.