Positive Pay is one of the most powerful tools offered by most banks to fight check fraud, yet many organizations are either unaware of it or do not fully grasp the extent of its power and legal protections. Combined with controlled, high-security checks, Positive Pay creates a potent defense against fraudsters. However, Positive Pay is not fool-proof. SAFEChecks’ president Greg Litster will detail what Positive Pay is, how it works and when it doesn’t, and legal reasons for using it.  

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

Learning Objectives:     

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


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


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


• Give examples of real-life fraud situations and how to prevent losses at their companies and organizations