Lunch 'n Learn Presented by J.P. Morgan Chase
Free for BAMA members $20 all others
FRAUDSTERS DO NOT DISCRIMINATE Business fraud – whether initiated externally by cyber criminals or internally by employees behaving badly – is widespread, and the fraudsters who practice it are equal opportunity offenders. No business – regardless of type or size – is immune, and most cannot afford the exposure to potential financial loss. Every payment method – from checks to ACH to commercial cards – is vulnerable. Commonly understood as dishonesty calculated for advantage, fraud is a deliberate misrepresentation that causes a person or business to suffer damages, often in the form of monetary losses, through deception or concealment. Fraudulent acts can be committed through media channels that include mail, wire, phone, and the Internet. From identity theft, check fraud and e-mail scams to cyber-crime, padded expense reports and manipulated financial statements – the range of possible schemes is extensive. Recent research indicates that anti-fraud controls tend to lag at smaller organizations. The vacuum caused by this lack of oversight creates a fraudster’s paradise. To mount an effective defense, all operating accounts and business processes involving company funds should have some degree of fraud protection in place to avoid being compromised.
About your speaker: Richard Martin serves as the local West Florida Business Banking Cash Management Consultant providing support, solutions and strategic options to the West Florida Business Banking Relationship Managers and their clients. He worked as banking professional in the West Florida market over the last 10 years with 3 of those years working in Treasury Management. After joining Chase he managed several large scale implementations to on-board new clients all while providing service and support for their new banking services. Richard meets periodically with our Chase clients to review their existing products and adjusts them according to the client’s need or specifications. Other areas of banking experience includes: financial services in the retail bank, commercial banking and lending. He is an integral part of the Chase Business Banking team and dedicated to making sure that his clients are informed on existing or new opportunities for creating efficiencies in their day to day processes.
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