Positive Pay and Payee Positive Pay are some of the most powerful tools developed in the fight against check fraud. These services are offered by all major banks and most regional banks. When combined with truly controlled and highly secure checks, they can create a powerful defense against check fraud.
However, Positive Pay and Payee Positive Pay are not fool-proof. For example, Payee Positive Pay will not catch added payees. To identify the pros and cons of any system, we need to understand how it was developed and what needs it was targeted to serve. SAFEChecks president - Greg Litster - in this webinar will go into detail about the following topics:
How Positive Pay was developed,
How it works, and
How it has evolved over time to become more powerful.
Which are its vulnerabilities
Which are the present effective – proven strategies to shore up an organization’s fortification against check fraud.
Many small and medium companies believe that they lack the technological wherewithal to create the files required by their bank for Positive Pay. Other organizations are using systems that are cumbersome and time-consuming. These obstacles to using Positive Pay are easily resolved with robust yet user-friendly software strategies.
Check fraud continues to be the most prominent form of payment fraud, and is being used in both “high tech” BEC scams and “low tech” embezzlement schemes. There are many straightforward protocols organizations can employ to protect themselves against this crime, and CPAs and other finance professionals can arm themselves with the latest information in fraud prevention to become “value-added” to their organizations.
Learning Objectives
To outline how Positive Pay works and how it has evolved over time, and powerful legal incentives to use it.
To identify the vulnerabilities of Positive Pay and
To recognize how Positive Pay can be strengthened.
To examine real-life fraud situations, including what went wrong and how the losses could have been prevented.
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.
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.
SAFEChecks
provides the most secure business and personal checks in the United States and
Canada. SAFEChecks has never had a check replicated and used in a check
fraud scam. SAFEChecks’ strictly
controlled check stock is designed with Frank Abagnale, and includes numerous
security features and Secure Ordering Procedures. We also offer secure Check
Writing, Positive Pay, and ACH software, which includes Secure Name and Number
Fonts to prevent fraudulent additions or alterations. Our software includes
signature controls, security features, and a unique Payee Positive Pay Barcode
on each check.
FAQ
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
Testimonial
4.6
(199)
66%
26%
7%
1%
0%
CC
CHARLES CHALFANT ,
Feb 7th 2021
Excellent course! It was an eye-opener.
AR
Alberto Regalado ,
Feb 4th, 2021
very good webinar
AC
Andrew Creedon ,
Feb 1st, 2021
it was great
LD
Lisa Diggs ,
Jan 31st, 2021
Great CPE!
RR
Rick Rancourt ,
Dec 21st, 2020
Good!
AL
Amy London ,
Dec 14th, 2020
Enjoyed all webinars in the series. Learned tips we will be implementing in our company.
