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

Paying vendors used to mean processing an invoice and writing a check. Advances in credit card, purchasing card and ACH processing have added complexity and new openings for fraudsters. This 90-minute payments fraud training covers current schemes and how to detect and prevent them.

You'll learn who commits each major type of fraud, vendor and billing schemes that exploit weak controls, electronic schemes such as ACH hijacking, spear-phishing and social engineering, and check counterfeiting, forgery and tampering, with insights from actual fraudsters.

The session also shows how to tell external schemes from internal attacks and which controls work best, including segregation of duties, background checks and employee awareness training.

• Conduct a cost-effective fraud risk assessment of your most used payment methods
• Identify the red flags of check, ACH and P-card fraud
• Detect payments fraud before material financial damage occurs
• Obtain the best fraud prevention tools from your financial institution
• Apply controls such as segregation of duties and employee awareness training

• Who commits each major type of payments fraud: check, ACH and P-card
• Insights from actual fraudsters
• Vendor and billing schemes that exploit control weaknesses
• Electronic payment schemes: ACH hijacking, spear-phishing, social engineering and more
• Check counterfeiting, forgery and tampering
• Detecting external schemes versus internal attacks
• Best practices for payment fraud control: segregation of duties, background checks and employee awareness training

Payment fraud can cause serious financial damage before anyone notices. This session helps you run a cost-effective fraud risk assessment, spot red flags early and get the right prevention tools from your financial institution.

It suits CPAs, financial executives, CFOs, controllers, treasurers and treasury staff, internal auditors, AP and operations managers, compliance officers, security and risk managers.

• CPAs
• Financial Services Professionals
• Senior Financial Executives
• Internal Auditors
• AP Managers
• Treasury Staff
• Operations Managers
• Controllers
• CFOs
• Treasurers
• Compliance Officers
• Security
• Risk Managers

Peter Goldmann is president of FraudAware 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 employee fraud awareness training program. A user-friendly learning tool, FraudAware uses workshop, Webinar and E-Learning formats to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct. 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 has 30 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. Peter holds a Bachelor's degree from the University of Michigan and a Master's from the London School of Economics (CFE).