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

Duration: 60 Minutes
This training program will examine vendor/billing schemes that exploit payments process control weaknesses; latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering); check counterfeiting, forgery and tampering schemes to be aware of; and, detecting common external payments schemes versus internal attacks.
Payments Fraud Detection
Instructor: Brian G Rosenberg
Product ID: 508563
Objectives of the Presentation
  • Who commits each major type of payments fraud—focusing on check, ACH and –P-Card schemes
  • Insight from investigating actual fraudsters
  • Vendor/billing schemes that exploit payments process control weaknesses
  • Latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering and more)
  • Check counterfeiting, forgery and tampering schemes to be aware of
  • How to detect common external payments schemes versus internal attacks
  • Conducting a cost-effective fraud risk assessment of your most commonly used payments methods
  • Identify the critical red flags of all forms of check, ACH and P-card fraud
  • Detect payments fraud before material financial damage occurs
  • Obtain optimal payment fraud prevention tools from your financial institution
  • Recommend better payment fraud control structure—including segregation of duties, employee background checks and employee awareness training
Why Should you Attend
This webinar will focus on how all this means that organizations must stay informed about new and existing payment schemes on an ongoing basis. The risk of failing to do so is loss of massive amounts of customer credit card data, exposure to new forms of check fraud and costly new techniques for having your ACH and wire transfer account(s) hijacked by sophisticated cyber-criminals as well as your own employees.

Who will Benefit
  • CPAs
  • Financial services professionals
  • Senior financial executives
  • Internal auditors
  • AP managers
  • Treasury staff
  • Operations managers
  • Controllers, CFOs
  • Treasurers
  • Compliance officers
  • Security and risk managers
Topic Background
Until recently, paying vendors was a simple matter of processing an invoice and issuing a check. No longer ongoing advances in technology, credit card, purchasing card (P-card), ACH and wire transfer require advanced payment techniques. And with that trend, unfortunately, are coming new opportunities for fraudsters to steal from your organization.

This is a fast-changing threat matrix. The Association for Financial Professionals (AFP) estimates that over 73% of all organizations are targets of payments fraud. While not all attacks result in fraud-related losses, this statistic alone confirms that criminals are as aggressive as ever in attempting to misappropriate funds via the various forms of payments fraud.

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How it works
Live Session - How it works
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  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Brian G. Rosenberg, chief executive officer of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years experience in the design of accounts payable shared service centers, and nearly 20 years of experience with 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.

Mr. Rosenberg has assisted companies of all sizes with scaling and growing their businesses. He has helped companies to select and implement key technologies and led large business transformation projects. He has guided small and mid-size firms with developing growth strategies and developing scalable processes. He provides regular presentations at industry conferences and has published articles, white papers, and was a contributing author to a book on emerging technologies. He is certified in Six Sigma, Kaizen, and Change Management as well as other professional credentials.
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