Preventing Payment Fraud
Reduce Stress and Financial Losses
There are many sad stories of companies losing money from poor payment controls. It could be:
- An employee conducting fraud
- A simple error that sends the wrong amount of money
- A mistype of an account number that causes the money to go to the wrong person
- Fraudsters trying to get funds from a wire transfer or altered checks
I'll show you some ways to save the financial losses and emotional pain these transactions can cause.
In this video, I’ll:
- Point out simple but effective controls to reduce losses
- Show a control that some companies use that provides little protection
- Explain bank products and services that can lower the costs of fraud and mistakes