Check payment fraud continues to increase, and US companies continue to generate checks – neither with any signs of stopping.  Here are the three types of positive pay that you can put into place with your bank to avoid check payment fraud.  Stay on to learn how to find out what “Post No Checks” means and how it can be used to avoid check payment fraud.   

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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 149+ hours of weekly live and on-demand training for the Vendor team. 

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Links mentioned in the podcast + other helpful resources:    

• Vendor Master File Tip of the Week:  Use “Post No Checks” to Avoid Check Payment Fraud
• Association for Finance Professionals:  2023 AFP Payment Fraud and Control Survey Report - Key Highlights
• Vendor Process Training Center:  Drop-In Live Q&A Session
• Vendor Process Training Center:  https://training.debrarrichardson.com
• Debra R Richardson LLC:  20 Tips in 20 Minutes Webinars
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download (Get 25% Discount on the Global Vendor Registration Numbers)
• Vendor Master File Clean-Up:  https://www.debrarrichardson.com/cleanup
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