Best Practices for Managing Bank Account Verifications

Odds are good that fraudsters have tried to trick you into making payment to a bank account that they control. The risk of falling victim to these schemes has grown since companies started relying more heavily on emails to conduct day-to-day financial transactions at the start of the pandemic. Bad actors have gotten better at creating convincing emails requesting bank account changes. Some fraudsters even impersonate legitimate suppliers over the phone and via email to give their approval to bogus bank account changes. If companies are going to reduce their risk of fraud, they’re going to need better processes and tools for verifying bank account information. During this webinar, our speakers will share best practices for bank account verification and mitigating your risk of fraud. 

What you will learn: 

• The most common payment fraud schemes
• Tell-tale signs of phony bank account change requests
• Best practices for bank account verifications

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.