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“This Ain’t Your Grandpappy’s Payment Fraud” Part 2

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • MAFF
  • CTP
  • CBA/MCBA

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Mobile Banking Fraud - The New Twist on Check Fraud
    2 mins
  • Warranty Claims
    13 mins
  • Which is Safer? Checks vs ACH Wire
    23 mins
  • Uncontrolled Checks
    33 mins
  • ACH Filters and Blocks
    42 mins

Course Description

Payment fraud is an expanding global threat, especially during Covid-19, and check fraud continues to be the primary method of choice used by fraudsters committing payment fraud. Despite predictions of their demise 45 years ago, paper checks are still used by most companies (including a vast majority of small businesses)…AND fraudsters! Checks are now targeted in 70% of BEC scams, up nearly 100 percent since last year. This is a clear integration of social engineering, technology, and old-school payment systems.

Payment methods now integrate old-school paper checks and new technology, with Mobile Remote Deposit Capture (mRDC) and eChecks. With these new technologies comes new fraud threats. This presentation, “This Ain’t Your Grandpappy’s Payment Fraud” Part 2 will discuss every variety of check fraud. It will include an in-depth discussion of Holder In Due Course, the Check 21 Indemnity Provision and Warranties, and how to recoup losses on mRDC double presentments.

Fraud may shift between payment methods, but it's not going away, and its scope is expanding astronomically. Greg will share real-life fraud situations, including what went wrong and how the losses could have been prevented. 

Attendees of this free CPE webinar will be able to:

  • Identify various methods of check fraud, both new technologies and old-school systems.
  • Establish proven strategies for preventing and protecting against various types of check fraud, including Mobile Banking Fraud and eChecks.
  • Understand legal liabilities for fraud losses and viable alternatives for shifting those liabilities.

Learning Objectives

  • To Identify various methods of check fraud, both new technologies and old-school systems.
  • To recognize various strategies for preventing and protecting against various types of check fraud, including Mobile Banking Fraud and eChecks.
  • To recognize the importance of legal liabilities for fraud losses and viable alternatives for shifting those liabilities.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Assistant Controllers
  • Auditors
  • Business Owner
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Fraud Examiner
  • Fraud Investigator
  • Risk Managers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
  • 1 CRE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 1 CPE Credit of Fraud for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)

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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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, 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 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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  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.6

1169 Ratings

Excellent

755

Very Good

339

Average

70

Poor

5

Terrible

0

JE

Jeff Easton, CPA (US)

Mar 22nd, 2021

Of all the webinar's this is the most comprehensive. The instructor was informative and entertaining. I like the real life examples. I would recommend this webinar to anyone that needed information in the check area. I was fantastic.

MC

Marlee Candell, CPA (US)

Mar 30th, 2022

There was a LOT of relevant information. I had to pause the presentation a lot to make notes. For that reason, I'm glad it was not live.

PS

Paul Skipski, Accountant

Mar 27th, 2021

Thank you for sharing. Suggest that links be provided in plain text vs just in presentation to allow for copy and past.

BS

Brian Shade, CPA (US)

Mar 5th, 2021

I finished both parts on this subject and was impressed with the depth of knowledge the presenter had. highly recommend

EA

Emily Albertelli, CPA (US)

May 18th, 2021

I enjoy this presenter, and the material is interesting and very clear. Lots of real life examples

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