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Best Practices for Verifying Supplier ACH Updates and Preventing Fraud
April 16, 2025
Q. We are looking to find a better way to verify supplier changes such as ACH banking information. For suppliers that are new we just use our own ACH from or taking the information from the invoice. For current suppliers that have ACH banking information updates or changes we do a call back form but we are not sure this is the best way to deter fraud since we do not know who we are speaking with. Is anyone using a specific software or procedure.
A.
(Answered by IOFM's third-party Vendor Master…
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