New Nacha Rules, New Risks: What Every AP Leader Must Do Now to Verify Supplier Bank Details

The rules have changed and the clock is ticking.  Nacha’s new requirements for risk-based validation of bank account information mean AP leaders must overhaul how they verify supplier bank accounts before payments are released.  At the same time, business email compromise (BEC) and fraudulent bank account change requests continue to surge, with fraudsters becoming more convincing, more technical, and more relentless.  If your current vendor onboarding and bank account verification processes still rely on email, PDFs, or manual callbacks, your organization is already exposed.  These new Nacha rules aren’t optional, they’re a mandate to strengthen validation controls, modernize verification workflows, and protect your organization from catastrophic financial loss.  Join our speakers as they break down exactly what the new Nacha rules require, how common fraud schemes are infiltrating AP workflows, and the practical steps AP teams must take to comply and stay safe.

What you will learn:

• What the new Nacha rules require
• How fraudsters exploit weak verification steps
• Why email-based verification processes are no longer compliant or defensible
• How fraudulent bank account change schemes really work
• Best practices for verifying bank account ownership 
• How automation reduces risk and improves response times

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.