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Check Fraud and the Power of Positive Pay: Looking Ahead to 2023

CHECK FRAUD AND THE POWER OF POSITIVE PAY: LOOKING AHEAD TO 2023

Cost Free
Presentation Length 1.5 hours

Recorded DateDecember 29, 2022
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, yet many organizations are either unaware of it or do not fully grasp the extent of its power and legal protections. Combined with controlled, high-security checks, Positive Pay creates a potent defense against fraudsters. However, Positive Pay is not fool-proof. SAFEChecks’ president Greg Litster will detail what Positive Pay is, how it works and when it doesn’t, and legal reasons for using it.  

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

Learning Objectives:     


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

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

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

  • Give examples of real-life fraud situations and how to prevent losses at their companies and organizations 

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Greg Litster

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

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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

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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.