Episode 360: Fraudsters Have a Way to Pass Payee Positive Pay for Stolen Checks – How it Works and What to do About it

Putting the AP in hAPpy

Fraudsters have evolved again – this time with check fraud because they have found a way to bypass payee positive pay. So now what?

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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out the Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.

Links mentioned in the podcast + other helpful resources:

• Federal Reserve Board: How Criminals Commit Check Fraud Using Stolen Business Identities
• Training: Validations to Prevent Check Payment Fraud - Your Accounts System/ERP, The Bank and Your Vendor Team
• Get the Vendor Callback Confirmation Toolkit(TM) Today: https://training.debrarrichardson.com/course/callback-confirmation-toolkit
• Customized Vendor Validations Session: https://debrarrichardson.com/vendor-validation-session
• Free Download: Vendor Validation Reference List with Resource Links https://debrarrichardson.com/vendor-validation-download
• Vendor Process Training Center - https://training.debrarrichardson.com
• Customized Fraud Training: https://training.debrarrichardson.com/customized-fraud-training
• Free Live and On-Demand Webinars: https://training.debrarrichardson.com/webinars
• Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanup
• YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
• More Podcasts/Blogs/Webinars www.debrarrichardson.com
• More ideas? Email me at [email protected]
• Music Credit: www.purple-planet.com