The Power of Positive Pay | CPE Credit Online

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Payments fraud and control survey report

3 mins
Strategies to Prevent Check Fraud

8 mins
The Software:

18 mins
Counterfeit Cashier's Checks

26 mins
ACH Filters and Blocks

31 mins

Course Description

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.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial CPA
Senior Accountant
Staff of Accounting Firm

Course Qualification

Webinar Qualifies For

1 CPD Credit for Certified Financial Forensics (CFF)
1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
1 CPD Credit for Chartered Professional Accountant (CPA Canada)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

1
Instructional Method :

QAS Self Study
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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

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.

About Company

SAFEchecks: Abagnale Superbuisness Check

www.safechecks.com/

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

FAQs content

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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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