“THIS AIN’T YOUR GRANDPAPPY’S PAYMENT FRAUD” PART 2

4.7 (251)

Greg Litster

SAFEchecks: Abagnale Superbuisness Check

  • CPA Canada
  • CFF
  • CIA
  • CMA
  • CPA

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

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
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Auditors
  • Young CPA
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Accounting Practice Owners
  • Senior Accountant
  • Entrepreneurial Accountant
  • Accounting Managers
  • Staff of Accounting Firm

Testimonial

4.7

(251)
74%
22%
4%
0%
0%

SF

great

LE

speaker is very knowledgable

LD

Fast-moving and lots of details!

ADT

Great pace with relevant data. Thank you!

AC

great

LD

Another must see CPE! Riveting information and presentation.