How to Reduce the Risk of Payment Fraud through the Automatic Verification of Bank Account Ownership

Managing supplier information has never been easy.  Manually verifying information is costly, time-consuming, and hard to track.  One small slipup in collecting, verifying, and storing supplier details increases errors, non-compliance, and fraud vulnerability.  The prolonged shift to remote work has made verifying supplier information harder and riskier.  Bad actors are using the disruption caused by remote working and the increased reliance on emails to collect information to perpetrate payment fraud.  Join us for this webinar as our speakers show you how to mitigate your organization’s risk of fraud by automating the process of verifying bank account details and other supplier information. 

What you will learn: 

• The latest benchmarks on payment fraud
• The vulnerabilities created by traditional approaches to verifying supplier information
• An action plan for mitigating risk of payment fraud through automation

Mark Brousseau
President, Brousseau & Associates 

Over the past 26 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 founder and CEO of Financial Operations Networks (FON). FON specializes in vendor self-service and vendor relationship management software-as-a-service applications. In 2002, Phil founded The Accounts Payable Network (TAPN), the leading resource for individuals with management and oversight responsibility for accounts payable operations. More than 5,000 members used TAPN’s best-practices libraries, case studies, research, analysis, technology evaluations, practical tips, discussion forums, continuing education programs and customizable tools for AP planning and problem-solving. Phil is also co-founder of The Accounts Payable Certification Programs which has enrolled over 35,000 accounts payable professionals worldwide. TAPN was acquired by Diversified Business Communications in 2013.

Prior to starting Financial Operations Networks, Phil founded and served as CEO of PayTECH, an electronic payables processing, disbursements and information services provider serving companies such as Oracle, Cisco, Charles Schwab, Turner Broadcasting, NCR and Viacom. PayTECH grew to process over 100 million invoices annually and was acquired by PRGX in 1999.