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Cutting the Gordian Knot: ECheck Fraud, Mobile Banking Fraud, Check 21 & Holder In Due Course 1 Credit

Cutting the Gordian Knot: ECheck Fraud, Mobile Banking Fraud, Check 21 & Holder In Due Course 1 Credit

  • Rating

    4.5
  • Reviewed on

    February, 2024
  • Subject Area

    Specialized Knowledge

Learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • To identify various payment fraud schemes that take advantage of cutting-edge technology
  • To develop specific, straightforward strategies for preventing all types of check fraud.
  • To identify how the Check 21 Warranties combine with Holder In Due Course to give recourse to banks and consumers seeking to recoup mRDC losses.
  • To examine real-life fraud situations, including what went wrong and how the losses could have been prevented.

Course Overview

Futuristic payment systems have always been the flag-bearers of convenience and safety. Systems like eChecks and mobile banking, including Mobile Remote Deposit Capture (mRDC), have been gaining popularity, with mRDC becoming one of the most sought-after mobile applications offered by financial institutions.

With the new pandemic situation, electronic and digital payments have become ubiquitous and are being exploited by fraudsters of all stripes. eChecks experienced fraud shortly after being launched, and mRDC double presentments and their subsequent losses are  being reported with increasing frequency.

As an expert on the subjects of Check 21 and Holder In Due Course, Greg Litster, founder and president of SAFEChecks, explains how little-known Check 21 and Holder In Due Course rules can mitigate such losses. This is a must-attend webinar for accountants and tax practitioners who can and should educate their clients on fraud prevention.

Dive into the world of CPA CPE Courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!

  • 1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
  • 1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Financial Transactions and Fraud Schemes for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 1 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
  • 1 CPE Credit of Fraud for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 1 CPE Credit of Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Specialized Knowledge for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Specialized Knowledge for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Greg Litster is president and founder of SAFEChecks, and is editor of Frank Abagnale’s Fraud Bulletin. Greg is a former banker of 18 years, has written articles published in AFP Exchange, American Payroll Association, American Land Title Association, and Sheshunoff’s Corporate Cash Management  Manual.  He has served as an expert witness on several national and international check fraud and embezzlement cases, and has spoken on fraud prevention across the country for numerous financial institutions and professional organizations, including AFP, GFOA, Texpo, SoCal Expo. Greg earned a Bachelor of Science in Economics and an MBA in Finance, both from Brigham Young University. 

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.5

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PZ

Patricia Zafian, CPA (US)

It was very good. Excellent topic and content! A note that we are instructed to watch the video in entirety for credit....I would assume the percentage mark would go to 100%. After the video ended it stayed at 99.84%.....I'm seeing that for about 13 minutes....just a picky point you may want to look at .

JA

Jessica Anderson, CIA

This course taught me a lot about checks including safety measures to help protect against fraud such as specifying an expiration date on checks in case of duplicates.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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