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Payment Fraud: Trends, Scams, and Risk Mitigation

PAYMENT FRAUD: TRENDS, SCAMS, AND RISK MITIGATION

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 19, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

The pandemic has taught companies of all sizes that manual processes create dangerous gaps in maintaining and strengthening robust financial controls. Companies need to understand current and emerging risk exposures created and amplified when AP and treasury staff are functioning in an ever-evolving remote reality. Drivers of AP complexity emerge as companies grow across borders and expand in terms of customers and/or suppliers. Furthermore, fraudsters have become even more active, and this reality presents challenges as companies of all sizes are focusing on how to deliver value to customers in the next normal.

Join us as we review the key results of leading payment fraud and control surveys. Treasury expert Ernie Humphrey will share best practices that companies are leveraging to mitigate and even eliminate payment risk exposures in any environment.

Learning Objectives:


  • Determine the best practices to mitigate and eliminate payment risk exposure

  • Summarize key results of leading payment fraud and control surveys

  • Identify the challenges of delivering value to customers when fraudsters have become even more active

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Ernie Humphrey serves as the CEO of 360 Thought Leadership Consulting & Treasury Webinars. Over the past three years Treasury Webinars has delivered thought leadership webinars to over 15,000 treasury and finance leaders across the globe. Ernie was a driving force behind Proformative, formerly the largest community of Finance professionals, which grew from 500 to 30,000 during his tenure. Formerly, he served as the Director of Treasury Services for the Association for Financial Professionals (AFP) and as a long-time Treasury leader at Franklin Electric. He has authored published articles on working capital management, performance management, budgeting & planning, acquisition integration, and bank relationship management in addition to articles dealing with several aspects of professional development. His e-book focused on career management was recognized as one of the Top 10 e-books for CFOs in 2018. Ernie was named one of the Top 20 Pioneering CEOs by Tech Magazine in 2020. Ernie has a BS and MS in Economics both from Purdue University.

About Our Sponsor

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Quadient AP by Beanworks empowers your accounting team by reducing data entry and approval follow-ups, making your accounts payable more cost-effective and less prone to errors. You can strengthen controls with workflows that automatically route purchase orders, invoices, expenses and payments for approval by the right team member at the right time. Instantly find any AP document with a flexible global search and seven years of digital storage.