Accounts Payable CD Library!

ACH Fraud Prevention: It’s Everyone’s Problem!

Order the CD here. To pay by check download an order form here.

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. 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. Those who think they are protected because they don’t make electronic payments or because they use positive pay are flat out wrong. Avoiding electronic payments is not the answer. You are still at risk.

This is the fastest-growing payment fraud. But you can protect your company if you take the right steps. Since payroll is one of the targets of ACH fraud you might want to invite your payroll manager to join you in listening to this 60-fast paced minutes with our editorial director, Mary S. Schaeffer.

At the session’s conclusion you will be able to:

• Identify the types of ACH payments;

• Differentiate between three types of ACH payment fraud, including the two fastest growing types;

• Navigate around the limited legal protection from your bank; • Instruct your bank to use certain products to protect your company; and

• Implement best payment process practices that affect ACH payments to protect your organization.

Order the CD here. To pay by check download an order form here.

About our Expert: Mary Schaeffer has the inimitable ability to find accounts-payable-related solutions that really work—without making a major dent in the bottom line. Armed with a degree in math and a graduate degree in finance, she takes a “roll up your sleeves and dig into the details” approach to finding solutions to those problems that cause migraines for CFOs, controllers, and managers.

Ms. Schaeffer is the author of over 15 business books including The CFO and Controllers’ Guide to Accounts Payable and the recently published Fraud in Accounts Payable: How to Prevent It, published by John Wiley & Sons, and the publisher of the Accounts Payable Now & Tomorrow monthly newsletter and CFO & Controllers Accounts Payable Management Journal. She is a frequent contributor to AICPA’s Corporate Finance Insider.

She is a frequent speaker both online and at seminars and conferences basing her recommendations both on personal experience and that of her consulting clients as well as conversations with hundreds of working professionals and regular practitioner surveys.

Order the CD here. To pay by check download an order form here.

To see our customer service policies, click here.