The pandemic-driven digital shift in how accounts payable (AP) departments pay their suppliers gave rise to Automatic Clearing House (ACH) payment. Companies can now streamline their AP processes through direct online electronic money transfers. The unfortunate by-product of this breakthrough in AP automation, however, is the upsurge in ACH payment fraud. For cybercriminals to commit ACH fraud, they simply need access to two pieces of information: your account number and bank routing number.

But with technological innovations growing at aggressive rates, hackers are getting more sophisticated in their attacks. Failure to properly mitigate this can lead to large financial losses as well as damage to their credit scores and reputation. Hence, having the right internal control and cybersecurity measures is imperative to help companies combat these types of financial schemes.

Join AP automation expert from Corpay, Mark Penserini as he brings the audience to a road beyond the basics of ACH fraud. The speaker will also explore its benefits and share best practices in maximizing your tools to mitigate ACH payment fraud.

Key topics include:

• Automatic Clearing House (ACH) Networks: An Overview
• Common Types of ACH Frauds
• What to Look for When Selecting a Solution
• Best Practices and Risk Mitigation Techniques
• What Lies Ahead