You may be getting some help from banks finally on avoiding fraudulent payments.  Hear what new Nacha rule is behind it, when it will go into effect, and what to look for, so….. Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.   Links mentioned in the podcast + other helpf ..read more

Remember when Signature Bank and Silicon Valley Bank failed in March of 2023?  Those were the first bank failures since October of 2020 and news was everywhere.  Well, there have been 4 more bank failures since then with the latest one in April of 2024.  What should the vendor team do?  Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ ho ..read more

I experimented with generative artificial intelligence or generative AI – voice cloning for an upcoming webinar on avoiding payment fraud from deepfakes.  Wasn’t expecting this….  Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.  Links mentioned in the podcast + other helpful res ..read more

You may worry about vendor banking information and preventing fraudulent electronic payments – however, both internal and external fraudsters are after your checks.  If you want to make sure you are protecting remittance addresses for your checks…. Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendo ..read more

Validating Vendor Banking information is critical to 1) make sure payments are successful; and 2) to validate you are paying your actual vendor and not a cybercriminal.  There have been some changes in resources for 2024, so if you want to hear the updated resources……   Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live an ..read more

Most internal fraudsters display at least one of eight (8) red flags that fraud is occurring.  Do you know what to look for?   Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.    Links mentioned in the podcast + other helpful resources:      ACFE Occup ..read more

Now that the new IRS Form W-9 is published, let’s look at a frequently asked question I get – what should you do if the vendor’s legal name and tax id combination is not valid with the IRS?  Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.    Links mentioned in the podcast ..read more

Finally – the IRS has published the updated version of the Form W-9.  Now what?   Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.    Links mentioned in the podcast + other helpful resources:      Training Session:  IRS W-9 Examples By Tax Classificati ..read more

Do you have in your vendor bank account add or update process, that if the bank account ownership validation is successful – you stop right there?  That’s no longer appropriate.  Why?....  Keep Listening.    Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.    Links mentioned in the ..read more

Remember that $25.6M successful payment to fraudsters?  Of course you do, seems like every media outlet and all the companies you subscribe to (like mine) reported on it too.  So how can you combat?   Keep Listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team.    Links mentioned ..read more