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Overview

Those who think they're protected because they don't make electronic payments or because they use positive pay are flat out wrong. What's worse, it's not just the big guys who are getting hit. The crooks are also targeting smaller mid-sized companies, municipalities, schools and not-for-profits.

Avoiding electronic payments is not the answer. You are still at risk; this is the fastest-growing payment fraud. But you canprotect your company if you take the right steps. Please join us for this 60-fast paced minute session with our editorial director, Mary S. Schaeffer. It contains expert advice from several respected sources.

Updated with newest fraud prevention and detection information!

Why you should Attend

Getting money out of your organization's bank account is now easier than ever. Just ask the growing number of fraudsters snatching cash from unsuspecting organizations across the country.

Unfortunately, every company is at risk and businesses do not have the same fraud protections as individuals. If you don't report the thefts within 24 hours, you will probably end up eating the losses-which can be substantial.

Areas Covered in the Session

At the session's conclusion you'll be able to:

• Identify the types of ACH payments
• Differentiate between six types of ACH payment fraud, including the two fastest growing types
• Understand and address the issues around the BYOD issue as it affects your organization's payment process
• Navigate around the limited legal protection from your bank
• Instruct your bank to use certain products to protect your company
• Implement best payment process practices that affect ACH payments to protect your organization
  

Who Will Benefit

• 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