Content Provider
Safecheckslogo
Handout Materials
Presentation Slides
Additional Materials
Webinar Technical FAQs
Free cpe webinars
Check Fraud & the Power of Positive Pay: How it Works & Legal Reasons to use it

CHECK FRAUD & THE POWER OF POSITIVE PAY: HOW IT WORKS & LEGAL REASONS TO USE IT

Cost $22.50
Presentation Length 1.5 hours

Recorded DateDecember 30, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Course Description

Positive Pay is one of the most powerful tools offered by most banks to fight check fraud. When combined with controlled, highly secure checks, together, they create a powerful defense against fraudsters. 

Positive Pay is not fool-proof. SAFEChecks’ president Greg Litster will detail what Positive Pay is, how it works when it doesn’t, and legal reasons to use it. 

Mr. Litster will also explain how Vender Email Compromise (VEC) scams hammer companies that send ACH payments, causing significant losses. He will share real-life fraud situations, including what went wrong and how the losses could have been prevented. 

Learning Objectives:     


  • Recognize how Positive Pay works and the powerful legal incentives to use it

  • Identify the vulnerabilities of Positive Pay and how to defend against them

  • Determine the risks of paying by ACH versus checks and additional safeguards to prevent payment fraud

  • Identify real-life fraud situations to prevent losses at their companies and organizations

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Greg Litster

SAFEChecks
President
[email protected]
(800) 755-2265 x 3301

Safecheckslogo

Greg Litster is President of SAFEChecks, a company specializing in fraud prevention. Mr. Litster was a banker for 18 years, holding various senior-level positions before acquiring SAFEChecks from his bank in 1996.  

Mr. Litster is Editor of Frank Abagnale’s Fraud Bulletin and has written numerous fraud articles. He has given hundreds of fraud prevention seminars to financial and professional organizations across the US. He has extensive experience as an expert witness, serving on several national and international check fraud and embezzlement cases.

About Our Presenter

Safecheckslogo
SAFEChecks, “The Check Fraud Specialists” is America’s leader in check fraud prevention. SAFEChecks offers many styles of high-security business and personal checks, Positive Pay software, secure check writing software, envelopes, toner, and pressure seal equipment. Consulting and expert witness services, fraud seminars, and educational materials are also available.