Covid-19 and the Acceleration of Identity

Posted by Taylor Nemeth on Jul 21, 2021 9:50:00 AM

Hopefully, you have already read the highlights from the first part of our absorbing interview with Dave Birch. (You can listen to the podcast here.)

And if you have then by now you know that as one of the industry's top money experts he writes books and advises companies, among his many endeavors. Birch's name and reputation is well established in the field of identity. shutterstock_726137065

But that doesn't mean he is any different from anyone else who has to go through the exhaustive efforts of proving their identity. As an executive officer of a company that was entitled to some pandemic assistance last year, Birch needed to provide proof of his address in order to facilitate what he referred to as "this ridiculous process."

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Topics: compliance, podcast, risk, identity

Identification, Authentication & Authorization: The Identity Puzzle

Posted by Taylor Nemeth on Jul 14, 2021 10:01:00 AM

Our most recent podcast guest, David Birch, had so many insights into the world of identity that we’ve created a two part blog of his highlights. Our conversation was wide-ranging and fascinating, but don’t just take our word for it, you can hear the entire interview here.

david birch headshot

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Topics: podcast, risk, identity

Guarding Against Social Engineering Fraud

Posted by Angela Sarno on Jun 30, 2021 1:38:44 PM

Cyber criminals stole more than $28 billion through email fraud from 2016-2020, according to the FBI.  Let that sink in.

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Topics: payments fraud, insurance, ACH, vendor master, risk

Fight Payments Fraud by Locking Down Your Vendor Master

Posted by PaymentWorks Staff on Jun 7, 2021 12:49:19 PM

We were thrilled to contribute to Informa’s Fraud Intelligence publication with an article to explore how locking down your vendor master can significantly help eliminate the risk of an increasingly costly threat – business payments fraud.

Increasingly savvy fraudsters have noticed and exploited all that is involved with vendor onboarding and maintenance fueling a significant increase in fraud attempts over this past year.

Read the article here.

Fraud Intelligence logo

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Topics: payments fraud, ACH, vendor master, risk

Bolstering the Team

Posted by PaymentWorks Staff on May 12, 2021 1:30:57 PM

 

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Topics: compliance, payments fraud, procurement, vendor master, risk

Third Party Risk Management: A Primer With Yakut Akman

Posted by Taylor Nemeth on Feb 2, 2021 10:01:00 AM

 

 

Yakut Akman has 40 years of experience in financial services, covering a wide range of functions globally, including Operations & Technology, Risk Management, Audit, and Regulatory Compliance.   yakut akman headshot

She recently joined us for our Risky Business Podcast.  Excerpts from that conversation are below.  You can listen to the entire interview here.

Ms. Akman started her career at Citibank Istanbul as an Executive Trainee and then worked in multiple locations gaining extensive global experience. Over time, she excelled in Operations Management as a thought leader and a change agent as the financial markets, and in response, the regulatory expectations grew more complex. Ms. Akman focused on process efficiency and effectiveness while balancing operational risks and controls. She sharpened these skills in Internal Audit overseeing new emerging risks. As a Risk Manager of key businesses, Ms. Akman actively interacted with government agencies around the world. She successfully addressed high-profile, enterprise-wide issues by setting standards, building trust and achieving sustainable results.


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Topics: compliance, podcast, risk

Lessons from David Kurrasch

Posted by Angela Sarno on Dec 7, 2020 10:02:00 AM

David Kurrasch, President of Global Payment Advisors and a Financial Service consultant with decades of experience in the payments industry, recently sat down with us for a lively and far ranging conversation around ACH, banks and payments fraud risk.  Excerpts are below.

 

David Kurrasch headshot

Dave Kurrasch, President of Global Payments Advisors, has worked in corporate treasury, banking and consulting for over 40 years. His career started as a cash manager at a large, diversified corporation where he ran the day-to-day cash desk, short term borrowings and investment, and bank relationships. Dave joined Wells Fargo Bank as Vice President and National Sales Manager for the Bank’s Treasury Management Division and later was promoted to Senior Vice President in charge of the Bank’s Treasury Management Product Development and Management operations. Dave and his team were responsible for all product development, risk and fraud management, unit costing and profitability analysis.

After 15 years at Wells Fargo, Dave founded Global Payments Advisors in 1997 and has provided consulting advice and contracting services to banks, corporations, universities, governments and FINTECH start-ups in the United States, Canada, Europe and Asia. He has deep experience in all facets of treasury management, payments, risk and fraud management and their statutory/regulatory compliance.



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Topics: ACH, vendor master, risk

Payments Fraud and Your Vendor Master: Uncovering Hidden Risk

Posted by Angela Sarno on Oct 29, 2020 8:30:00 AM

Spoiler alert: the scourge of business payments fraud is not going away. The challenges facing organizations with maintaining and securing their vendor master data were already daunting in a pre-Covid world, never mind now that the way people work has been radically reimagined. 

Against this backdrop, we were thrilled to host a panel discussion, "Payments Fraud and Your Vendor Master: Uncovering Hidden Risks," where we brought together Clay Deutsch, a former bank CEO, Rob Unger from Nacha and Thayer Stewart, our CEO, to provide their divergent perspectives on the problem of business payments fraud, and what organizations should be doing to combat it.

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Topics: payments fraud, ACH, vendor master, risk

Matt Klein Answers The Million Dollar Question About Coverage

Posted by Taylor Nemeth on Oct 13, 2020 9:59:00 AM

Matt Klein, National Fidelity Product Leader at Willis Towers Watson, joined us for the 3rd installment of our podcast: PaymentWorks Presents Risky Business.  Below is an edited excerpt from that conversation.  You can listen to the full podcast here. 

Ed note: if you have even a passing interest in protecting your organization from payments fraud, we highly recommend you give this podcast a listen.  

 

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Topics: payments fraud, insurance, podcast, risk

 

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The Business Identity Platform that automates complex payee management processes to:

  • Eliminate the risk of business payments fraud  
  • Reduce cost
  • Ensure compliance

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