Electronic Payment Fraud Prevention Best Practice

Learn valuable insights and strategies from industry experts.

  • Expert-led Training
  • Industry Best Practices
  • Practical Implementation
  • Real-world Scenarios
Justin Muscolino

Speaker: Justin Muscolino

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Banking and Finance Webinar Image
Date
10 March, 2026 (Tuesday)
Time
10:00 AM PDT | 01:00 PM EDT
Duration
60 Minutes

Overview

This session will equip you with the knowledge and tools needed to identify risks, strengthen internal processes, and implement practical safeguards.

We'll walk through the lifecycle of an electronic payment from vendor setup to funds release and pinpoint where fraud threats emerge. You'll learn how to train staff, enforce controls, and use technology to your advantage.

Whether you're in accounts payable, treasury, finance, or audit, this training will help you build a strong defense against payment fraud. Don't wait for a breach to expose the gaps in your system. Take action now and protect your organization from financial and reputational harm.

Area Covered

  • Overview of electronic payment fraud trends
  • Common types of payment fraud (ACH, wire, virtual card)
  • Business email compromise and impersonation scams
  • Internal control breakdowns that lead to fraud
  • Vendor setup and change controls
  • Dual approvals and verification procedures
  • Callback and confirmation protocols
  • Warning signs and red flags of fraudulent activity
  • Using technology to detect and prevent payment fraud
  • Training employees and fostering fraud awareness
  • Building a fraud response and escalation plan
  • Checklist of electronic payment fraud prevention best practices

Why Should You Attend

Electronic payments may be faster and more efficient but are they secure?

Fraudsters are increasingly targeting businesses using sophisticated social engineering tactics to manipulate staff into transferring funds to unauthorized accounts. Business email compromise (BEC), fake vendor schemes, and payment redirection attacks are on the rise. Even one wrong click or oversight can lead to a six-figure loss.

Do you know if your current payment process can detect or block a fraudulent transaction before it's too late? Are you confident that staff across departments understand the warning signs? Many organizations don't realize their vulnerabilities until after they've been exploited and by then, it's too late.

Who Will Benefit?

  • Anyone that works in a Financial Institution

Speaker

Justin brings over 20 years of wide-ranging experience in compliance, training, and regulation in the financial services sector. Most recently, he served as Head of Compliance Training at Bank of China, where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously, he served as Macquarie Group’s Head of Americas Compliance Training and J.P. Morgan Chase’s compliance training manager. He also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.

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