Overview
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Mobile Banking Fraud - The New Twist on Check Fraud
2 mins
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Which is Safer? Checks vs ACH Wire
23 mins
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Uncontrolled Checks
33 mins
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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
