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

This video comes from my Business Banking Course

CPAs: Want to get CPE credit for videos and courses like this? Check out my CPE page.

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