Latest CPE Webinar on ECheck Fraud, Mobile Banking Fraud

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John Smith

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

Reviewed

February, 2024

Greg Litster

Learning Objectives

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 Description

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.

Overview

How eChecks work

2 mins
Mobile Banking Deposite Fraud

13 mins
Warranty Claims

24 mins
the Fraud Bulletin

35 mins
Cracking Passwords

47 mins

Webinar Qualifies For

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 Auditing for Qualification in Internal Audit Leadership (QIAL)
1 CPE Credit of Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA)
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)

About Instructor

Greg Litster

President, SAFEchecks: Abagnale Superbuisness Check

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.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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 through its website: www.NASBARegistry.org.

Ratings and Review

4.5

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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 .

Jessica Anderson, CIA, CPA (US)

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.

Philip Siahingco, CPA (US)

The speaker is very credible based on his experiences and his stories. The topic is very interesting. The speaker is very helpful by providing tips to mitigate risks.