Payment Fraud: Detect and Prevent It from Wreaking Havoc

1 Credits: Accounting


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Payment Fraud: Detect and Prevent It from Wreaking Havoc

Course Level
CPE Credits

1 Credits: Accounting

Course Description

Before this course, your organization may be vulnerable to the intricate web of payment frauds, both from external and internal threats. Our course acts as a bridge to transform your organization into a fortress against these financial crimes. After participating, you’ll move from a position of vulnerability to being well-equipped with the latest knowledge and tools to combat electronic payment frauds. You’ll learn how to identify potential frauds, evaluate banking fraud protection products, and establish strong internal controls. Moreover, we’ll guide you in creating a p-card program that drastically reduces employee fraud risk and how to effectively use payee name positive pay. This transformation in your approach to payment security will significantly uplift your organization’s defense mechanisms, making you a proactive guardian against the spectrum of payment frauds.

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Learning Objectives

After completion of this course, participants will be able to:

  • Understand how new electronic payment frauds work and how to protect your organization
  • Identify the types of payment frauds likely to impact your organization;
  • Evaluate the different fraud protection products offered by the banking community;
  • Craft the proper controls within your organization so you can stop employee fraud;
  • Create a p-card program that will make potential employee fraud almost negligible;
  • Use proper procedures when utilizing payee name positive pay so it provides the most protection; and
  • Implement best practices are for preventing and detecting p-card, check and ACH fraud.
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Course Specifics

Course ID
Revision Date
December 20, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Mary S. Schaeffer Headshot

Mary S. Schaeffer, MBA, has the inimitable ability to find accounts-payable-related solutions that really work—without making a major dent in the bottom line. Armed with a degree in math and a graduate degree in finance, she takes a “roll up your sleeves and dig into the details” approach to finding solutions to those problems that cause migraines for CFOs, controllers, and managers. Fifteen years spent researching and writing about payment issues gives Mary a unique vantage point. Combine that with an almost equal amount of time spent in the corporate trenches of several large finance and treasury departments, and you’ll understand …