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Payment Fraud: Detect and Prevent It from Wreaking Havoc

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Accounting

Course Description

Criminals are especially devious when it comes to payment fraud enabled by technology. They study the banking system and processes, technology and your company. They know the ins and outs and where there are weaknesses. And, they do their research, marrying their knowledge with social media to devise ways to defraud your organization in ways never dreamt of in the past.

Many professionals think payment fraud could never happen to their organizations. Unfortunately, the numbers tell a different story. Eventually, every single organization will come into the spotlight of one or more crooks. Without the proper precautions, the fraudsters will succeed. Complicating the issue is the fact that whether we like to admit it or not, the risk is both internal and external. What’s more; the old fraud aren’t going away. Companies need to be vigilant on all fronts.

Has your organization taken all the steps it needs to protect itself? Has your strategy been reviewed within the last 12 months? In this session, we’ll address the newest electronic payment frauds and the protections every organization needs along with reviewing the tactics needed to protect against older types of fraud.

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.

Course Specifics

Course ID
WC1122317743
Revision Date
December 20, 2022
Prerequisites

None

Advanced Preparation

None

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)

Course Instructor

Mary S. Schaeffer Headshot
Mary S. Schaeffer, MBA

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 …

Mary S. Schaeffer, MBA Read More »

Payment Fraud: Detect and Prevent It from Wreaking Havoc

Expert Instructors
CPE CREDITS
1 Credits: Accounting

$49.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 6 hour(s) and 53 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Accounting

Course Description

Criminals are especially devious when it comes to payment fraud enabled by technology. They study the banking system and processes, technology and your company. They know the ins and outs and where there are weaknesses. And, they do their research, marrying their knowledge with social media to devise ways to defraud your organization in ways never dreamt of in the past.

Many professionals think payment fraud could never happen to their organizations. Unfortunately, the numbers tell a different story. Eventually, every single organization will come into the spotlight of one or more crooks. Without the proper precautions, the fraudsters will succeed. Complicating the issue is the fact that whether we like to admit it or not, the risk is both internal and external. What’s more; the old fraud aren’t going away. Companies need to be vigilant on all fronts.

Has your organization taken all the steps it needs to protect itself? Has your strategy been reviewed within the last 12 months? In this session, we’ll address the newest electronic payment frauds and the protections every organization needs along with reviewing the tactics needed to protect against older types of fraud.

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.

Course Specifics

Course ID
WC1122317743
Revision Date
December 20, 2022
Prerequisites

None

Advanced Preparation

None

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)

Course Instructor

Mary S. Schaeffer Headshot
Mary S. Schaeffer, MBA

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 …

Mary S. Schaeffer, MBA Read More »

Payment Fraud: Detect and Prevent It from Wreaking Havoc

Expert Instructors
CPE CREDITS
1 Credits: Accounting

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 6 hour(s) and 53 minutes to watch today.

$49.00