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Episode 57: How Well Does Pre-Notification Protect Your Company from Fraudulent Vendor ACH Payments?

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Can Accounts Payable team members spot phishing attempts 100% of the time? They get sick and come into work, they are rushed, it’s month-end, they are worried, distracted. Add authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payment. That means you need to verify the vendor's name matches the account holder’s name of the bank account. Can you do that with a Pre-Notification?

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Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication…

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