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.
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
4.7
(251)
74%
22%
4%
0%
0%
SF
Sarah Ferguson ,
Feb 19th 2021
great
LE
Laura Edwards ,
Feb 15th, 2021
speaker is very knowledgable
LD
Laura Downing ,
Feb 3rd, 2021
Fast-moving and lots of details!
ADT
Anne Devine Thul ,
Feb 2nd, 2021
Great pace with relevant data. Thank you!
AC
Andrew Creedon ,
Feb 1st, 2021
great
LD
Lisa Diggs ,
Jan 31st, 2021
Another must see CPE! Riveting information and presentation.
