Understanding Check Fraud and Its Prevention
In today's financial landscape, check fraud poses significant threats to businesses and individuals alike. Alkami Technology, Inc. (NASDAQ: ALKT), a leader in cloud-based digital banking solutions, recognizes this challenge and is stepping up to provide essential strategies for combatting check fraud through an upcoming informative webinar.
Webinar Details and Expert Insights
Set to take place on June 11, 2025, at 2:00 p.m. ET, the webinar entitled "Boost Positive Pay Adoption & Stop Check Fraud" will feature leading experts who will share their insights and strategies. Notable speakers include Ryan Hill, first vice president and director of treasury services product management at Trustmark Bank, Eric Shen, inspector in charge at the U.S. Postal Inspection Service, and Todd Glenn, sales executive and treasury management expert at Alkami.
Why Attend This Webinar?
This session is designed specifically for financial institution leaders, treasury professionals, and fraud management teams seeking to strengthen their defenses against check fraud. With a focus on practical approaches, the webinar will enhance understanding of how to improve positive pay utilization across various account types, ensuring businesses are both informed and prepared.
The Importance of Positive Pay Implementation
One of the primary topics will be positive pay—a mechanism that allows banks to verify each check presented for payment against a list of checks that have been issued. By adopting tools like positive pay, financial institutions can significantly lower the risk of check fraud. As Ryan Hill emphasizes, "We're focused on helping our clients stay ahead of potential risks by providing education and tools they can use every day." The proactive measures taken can yield significant results in improving security.
Learning Outcomes for Participants
Attendees can expect to gain valuable knowledge through the following learning outcomes:
- An overview of the current state of check fraud and industry responses.
- Insight into the various types of positive pay, including Automated Clearing House (ACH) positive pay and strategies for optimizing their effectiveness.
- Methods to drive positive pay adoption among commercial and small business accounts.
- Collaboration strategies between financial institutions and law enforcement to mitigate risks.
- Business cases outlining the importance of investing in proactive fraud prevention tools.
Current Trends in Check Fraud Prevention
Alkami's Positive Pay Platform has garnered notable momentum, indicated by a substantial 47% increase in transactions monitored year-over-year, reaching an impressive total of $729 billion. Equally impressive is the reported success in stopping $3.6 billion in potentially fraudulent activities, showcasing the platform's effectiveness in protecting transactions.
How to Register
Participants interested in attending the webinar are encouraged to register in advance. This session offers up to 1.0 Certified Treasury Professional (CTP) or Certified Cash Manager (CCM) recertification credits from the Association for Financial Professionals.
About Alkami Technology, Inc.
Alkami Technology, Inc. is renowned for delivering a premier digital banking platform tailored to meet the needs of financial institutions across the United States. The company specializes in helping its clients foster growth, adaptability, and community through retail and business banking solutions and innovative payment security methodologies. To find out more about Alkami's offerings, simply look up their website.
Frequently Asked Questions
What is the main focus of the Alkami webinar?
The webinar will primarily focus on strategies to prevent check fraud and enhance positive pay adoption within financial institutions.
Who are the speakers at the webinar?
Expert speakers include Ryan Hill from Trustmark Bank, Eric Shen from the U.S. Postal Inspection Service, and Todd Glenn from Alkami.
When is the webinar scheduled?
The webinar is set for June 11, 2025, at 2:00 p.m. ET.
How can I register for the webinar?
Interested attendees can register for the webinar by visiting Alkami's website or through the webinar registration link provided.
What are the benefits of attending?
Attendees will gain insights into check fraud trends and learn effective measures and strategies for enhancing fraud prevention.
