Positive Pay is one of the most powerful tools offered by most banks to fight check fraud. When combined with controlled, highly secure checks, together, they create a powerful defense against fraudsters. 

Positive Pay is not fool-proof. SAFEChecks’ president Greg Litster will detail what Positive Pay is, how it works when it doesn’t, and legal reasons to use it. 

Mr. Litster will also explain how Vender Email Compromise (VEC) scams hammer companies that send ACH payments, causing significant losses. He will share real-life fraud situations, including what went wrong and how the losses could have been prevented. 

Learning Objectives:     

• Recognize how Positive Pay works and the powerful legal incentives to use it


• Identify the vulnerabilities of Positive Pay and how to defend against them


• Determine the risks of paying by ACH versus checks and additional safeguards to prevent payment fraud


• Identify real-life fraud situations to prevent losses at their companies and organizations