AP in Command: Winning the Fight Against Bank Account Change Fraud

Phony bank account change request scams are hitting accounts payable (AP) teams harder than ever – and if you think your current process is airtight, think again.  Today’s fraudsters are armed with artificial intelligence (AI), deepfakes, and insider-style knowledge that makes manual verification slow, risky, and far too easy to bypass.  One wrong move and six figures could vanish before you even realize something’s wrong.  This session will pull back the curtain on phony bank account change requests and provide you with proven best practices to help your organization keep up. 

What you will learn: 

• How scams really work – and the tactics fraudsters use to slip past your defenses
• Why traditional verification methods fail – and how they leave your organization exposed
• The AI factor – how AI is making manual verification more dangerous
• International complexities – unique risks and challenges when verifying foreign bank details
• How modern automation tools drastically cut fraud risk and speed up verification
• Critical factors to consider when choosing an automated bank account verification solution

Mark Brousseau
President, Brousseau & Associates 

Over the past 30 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Phil Binkow
CEO, Financial Operations Networks

Phil Binkow is CEO of Financial Operations Networks, developer of the InvoiceInfo and VendorInfo vendor portals. In 2002, FON founded The Accounts Payable Network, the leading training, certification and best-practice resource for individuals with management responsibility for accounts payable operations. Prior to starting Financial Operations Networks, Phil was CEO of PayTECH, one of the world’s largest invoice processing and spend analysis Software-as-a-Service companies.