As online and electronic modes of payment increase in their prevalence, it is a lot easier to transact with money matters than it was a few years ago. One doesn’t need to visit a bank or any other financial institution to make these. One can do so from the comfort of one’s own location.
But wait a minute. While these improvements in technology have made our tasks easier, they also come with an inevitable side effect: the potential for fraud. Vulnerability is a byproduct of technology. It is almost inseparable from the benefits that technology brings. Not only individuals around the world, but even organizations are at the receiving end of various smart frauds that dot the electronic payment landscape.
Ironical as it may sound, companies don’t have the same levels and layers of protection from electronic payment fraud as individuals. They have less than 24 hours to report the fraud, failing which their chances of recovering their lost money reduce dramatically.
So, what is the way out? How do organizations deal with this issue? Should organizations stop making electronic payments? No way. This is not the answer, as not being online can also cause dangers for organizations.
A webinar on the topic, “Electronic Payment Fraud Prevention Best Practices”, which is being organized by Traininng.com, a leading provider of professional training for all the areas of regulatory compliance on July 18, has the answers. Mary S. Schaeffer, Founder of AP Now, will be the speaker at this interesting and valuable session.
Please log on to enroll for this learning session.
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At this session, Mary will highlight the vulnerability that smaller mid-sized companies, municipalities, schools and not-for-profits face when it comes to electronic payment frauds. She will dispel that belief among many that they are protected because they don't make electronic payments or because they use positive pay.
She will show how to take a few positive, right steps in this regard, which can go a long way in helping to prevent electronic payment fraud and act as a solid shield against potential electronic payment frauds. At this session, Mary will offer expert advice that is gleaned from several respected sources and is updated with the newest fraud prevention and detection information.
At this sixty-minute session, Mary will cover the following areas:
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About the speaker: Mary S. Schaeffer is a nationally recognized accounts payable expert. Her firm is a membership organization focused on creating business intelligence around the accounts payable and payment function.
In addition to having written 18 business books, Mary has created a number of CPE self-study courses, customized training and online training events. She is a frequent and popular speaker at both online and live events.
But wait a minute. While these improvements in technology have made our tasks easier, they also come with an inevitable side effect: the potential for fraud. Vulnerability is a byproduct of technology. It is almost inseparable from the benefits that technology brings. Not only individuals around the world, but even organizations are at the receiving end of various smart frauds that dot the electronic payment landscape.
Ironical as it may sound, companies don’t have the same levels and layers of protection from electronic payment fraud as individuals. They have less than 24 hours to report the fraud, failing which their chances of recovering their lost money reduce dramatically.
So, what is the way out? How do organizations deal with this issue? Should organizations stop making electronic payments? No way. This is not the answer, as not being online can also cause dangers for organizations.
A webinar on the topic, “Electronic Payment Fraud Prevention Best Practices”, which is being organized by Traininng.com, a leading provider of professional training for all the areas of regulatory compliance on July 18, has the answers. Mary S. Schaeffer, Founder of AP Now, will be the speaker at this interesting and valuable session.
Please log on to enroll for this learning session.
---------------------------------------------------------------------------------------------------------------
At this session, Mary will highlight the vulnerability that smaller mid-sized companies, municipalities, schools and not-for-profits face when it comes to electronic payment frauds. She will dispel that belief among many that they are protected because they don't make electronic payments or because they use positive pay.
She will show how to take a few positive, right steps in this regard, which can go a long way in helping to prevent electronic payment fraud and act as a solid shield against potential electronic payment frauds. At this session, Mary will offer expert advice that is gleaned from several respected sources and is updated with the newest fraud prevention and detection information.
At this sixty-minute session, Mary will cover the following areas:
- 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
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About the speaker: Mary S. Schaeffer is a nationally recognized accounts payable expert. Her firm is a membership organization focused on creating business intelligence around the accounts payable and payment function.
In addition to having written 18 business books, Mary has created a number of CPE self-study courses, customized training and online training events. She is a frequent and popular speaker at both online and live events.
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