15 Data Points to Identify and Prevent Payment Fraud

15 Data Points to Identify and Prevent Payment Fraud

Payment fraud costs organizations billions every year, but prevention is possible with the right strategies.

This webinar is specifically designed for Finance, Compliance and Internal Audit practitioners to identify fraud schemes currently hidden in your organization and prevent future fraud attempts. Learn how to safeguard your organization with actionable insights and a data-driven approach that minimizes risks before they escalate.

Key Takeaways

During this webinar, you’ll learn about indicators of potential payment fraud such as:

• Supplier Data: Spot red flags like false tax IDs, employee data matches or prison addresses.
• Bank Account-Specific Indicators: Bank account ownership validation is the most effective at preventing fraud, but there are several more data points that can identify fraudulent activity.
• Transactional Data: Patterns within invoice data can reveal fraud. Sometimes it’s as simple as consecutively numbered invoices.
• apexanalytix Innovations: We will also share several apex innovations that identify fraud and help confirm that validity of legitimate bank account change requests.