Fraud Prevention for AP and AR

By Kerry Schmidt, APMD A previous article in Managing Accounts Payable addressed some of the overarching implications of smart phones in today's workplace. Here we dig a little deeper, look at mobile

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Another Step Toward Preventing Fraud The CEO of a multi-million dollar manufacturing plant received numerous tips that an employee within the organization's accounts payable department was committing

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Accounts payable, beware. Just when you thought every fraudulent scheme that could be conceived already has been, you learn better. Yet another scam artist has devised a way to pilfer money from your

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Swiper, No Swiping! Have you heard the news? The word on the corporate block is white collar criminals are making out like the little masked fox in Dora the Explorer. Swiper may be cute; real

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A large manufacturer conducting a surprise internal AP audit, discovered that a trusted employee of 24 years had stolen more than $2 million from the company.

The employee, a senior employee in the

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As payments increasingly move from checks to other payment methods, the fraudsters are following. ACH, once virtually fraud free, has seen a rise in fraudulent activity as barriers to the use of ACH

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Variations and Additional Strategies, Including an EFT Tip Reverse Positive Pay Reverse Positive Pay is an alternative offered by many financial institutions. It is an excellent source for companies

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AFP Survey Finds Majority Experienced Payment Fraud in 2011 Your organization is at risk for payments fraud. The 2012 survey by the Association for Financial Professionals (AFP), sponsored by

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By all measures, fraud is on the rise. The most recent Quarterly Corporate Fraud Index reveals that more than 6,900 fraud incidents were reported last quarter by 1,400 organizations worldwide--an… Read More

George Thomas of Radix Consulting Corporation reports that banks and companies are currently unprepared to combat a new type of fraud, in which fraudsters can gain access (through the use of malware

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