Fraud Trends: What you should know and how to use a corporate card to prevent it.

Every time you write a check or allow ACH withdrawals, your accounts are exposed to potential fraud. There are ways you can work with your bank to prevent most fraud attempts saving your firm time and money‎. Corporate cards can do much more than manage employee expenses. Learn how to leverage technology already available at most banks.

DID YOU KNOW?

According to the 2016 AFP survey regarding payment fraud:

• 73% of organizations experienced actual or attempted payment fraud (vs 62% last year)
  
  
• 64% reported that their organizations have been exposed to business email compromise (BEC), with wire transfers as the payment method most impacted by BEC
  
  
• 48% exposed to wires fraud (vs 27% last year)
  
  
• 42% report an increase in fraud incidents (vs 28% last year

Presented by: Suta Chittieng, Senior Vice President, Wells Fargo Bank  Sponsored by: CBRE, Inc./Wells Fargo Bank

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