Overview:Until recently, paying vendors was a simple matter of processing an invoice and issuing a check. No longer. Ongoing advances in technology, credit card, Purchasing card, ACH. require advanced payment techniques. And with that trend, unfortunately, are coming new opportunities for fraudsters to steal from your organization.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 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.Why should you attend: You will learnWho commits each major type of payments fraud-focusing on check, ACH and –P-Card schemesInside secrets from actual fraudstersVendor/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 ofHow to detect common external payments schemes versus internal attacksAreas Covered in the Session:Conduct a cost-effective Fraud Risk Assessment of your most commonly used payments methodsIdentify the critical red flags of all forms of check, ACH and P-card fraudDetect payments fraud before material financial damage occurs.Obtain optimal payment fraud prevention tools from your financial institutionRecommend better payment fraud control structure-including Segregation of Duties, employee background checks and employee awareness trainingWho Will Benefit:CPAsBankersSenior Financial ExecutivesInternal AuditorsAP ManagersOperations ManagersControllersCFOsTreasurersCompliance OfficersSecurity and Risk Managers