Navigating the Risk Landscape: Bank Account Verification Essentials for AP Professionals

Distinguishing legitimate bank account change requests from fraudulent is harder these days.  Conventional verification methods are not enough to protect organizations from increasingly sophisticated payment fraud schemes.  During this webinar, our expert speakers will guide you through the intricacies of today’s payment fraud schemes, expose the vulnerabilities of conventional bank account verification methods, and share advanced strategies to safeguard your organization.  

What you will learn:

• How conventional verification methods leave organization susceptible to fraud
• Best practices for verifying bank account change requests
• The role of automation in streamlining bank account verification processes
• Insights for evaluating and selecting 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.