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

Tuesday, 10 July 2018   11:30 AM PDT, 02:30 PM EDT

Training Duration = 90 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

Until recently, paying vendors was a simple matter of processing an invoice and issuing a check.

No longer have ongoing advances in technology, credit card, purchasing card, ACH required advanced payment techniques; with that trend, unfortunately, are coming new opportunities for fraudsters to steal from your organization.

Learning Objectives:

  • Conduct 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 is a fast-changing threat matrix, which means that organizations must stay informed about new payment schemes on an ongoing basis.

The risk of failing to do so is a loss of massive amounts of customer credit card data, exposure to new forms of check fraud and costly new techniques for having your ACH account(s) hijacking by sophisticated cyber-criminals.

Areas Covered

  • Who commits each major type of payments fraud-focusing on a check, ACH and P-Card schemes
  • Inside secrets from 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

Instructor

Peter Goldmann is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter,a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. The newsletter is in its 15th year of publication under Peter's leadership.

Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons, as well as four other anti-fraud books. Peter also developed FraudAware, the leading fraud awareness training program.

A user-friendly learning tool, FraudAware uses seminar, Webinar and E-Learning formats to train employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct.

Peter has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance.

He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the International Association of Financial Crime Investigators and the IOFM Controller Certification Advisory Board.

In addition, Peter has conducted numerous on-site fraud detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies and large not-for-profit organizations. He has also been a guest lecturer for college accounting and auditing courses. Peter holds a Bachelor's degree from the University of Michigan and a Master's from the London School of Economics.