Best Practices for Preventing Credit Card Fraud
  • CODE : ROSE-0044
  • Duration : 60 Minutes
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Ron has over thirty years in credit management in the clothing, door and window manufacturing, wine, medical device industry and now direct mailing. He holds a BS in Accounting and has received his certification in credit and finance from the Amos Tuck business school at Dartmouth University. Ron has been in instructor for NACM for 21 years teaching both the CAP and ACAP classes helping over 150 credit people prepare for their credit designations. Ron is currently the Director of Credit and Collections and payment solutions at Mspark Inc, the number two direct mailing company in the US. Ron has been honoured with the following awards for his efforts in giving back to the credit community; NACM National instructor of the year 2010, Credit Executive of Upstate NY in 2011 and the NACM CCE award of Excellence in 2013.He has a passion for his profession and is continually looking to share his knowledge so other can grow theirs.

This Webinar describe

  • History of credit cards in corporate America
     - Why companies have decided to use credit cards for their employee’s
     - How to control cash and spending on credit cards
     - Pro’s and Con’s of issuing corporate credit cards
  • Differences in Corporate credit cards
     -  Individual Liability card versus Corporate Liability card
     - What companies are eligible for corporate credit cards
     -  Credit cards specifically for small businesses
  • Corporate Credit card policy
    - What verbiage needs to be in a strong corporate credit card policy?
    - Explanation of the employees’ responsibilities for maintaining the card
    - Do you need to give every employee a credit card?
  • Other controls that can be included when setting up the credit card with the credit card company
     - Look at exceptions and limits that can be added to each card
     - Cards be done for specific departments
     - The importance of maintaining receipts
  • Corporate travel and entertainment policy
     - Examples of a good policy
     - Actions if employees violate company credit card policy

Who Should Attend

Anyone in any organization, profit or non profit that uses credit cards. People in Payroll, Accounting, Procurement.

Why Should You Attend

By attending this webinar, you will learn about the evolvement of credit cards, why companies choose to use them, and why they could be more beneficial to smaller companies than large corporations. You will understand why having a credit card policy in place is essential to prevent any credit card abuse as well as why this policy must be integrated with the company's travel and entertainment policy to send a clear message to all employees as to how they must handle their company credit cards. We will also discuss the actions your company could take if employees violate the credit card policy. Plus, we will also discuss other controls that companies I have worked at have implemented to eliminate the challenges they faced with employees' misuse of their expense reports and credit cards.

  • After attending you will be able to define – The makings of a strong company credit card policy.
  • After attending you will be able to describe – The importance of why companies will want to use credit cards.
  • After attending you will be able to discuss – Why having a strong corporate travel and entertainment policy is important.
  • After attending you will be able to explain – The two types of corporate credit cards a company can use.
  • After attending you will be able to identify – How to review employee's expense statements and what to look for.
  • After attending you will be able to recognize – Why it is important to put procedures in place to avoid company fraud
  • After attending you will be able to review – Your company credit card policy and travel and entertainment policy and make changes as needed.

Topic Background

Many companies have implemented credit card programs for their employees as they can see benefits such as tighter controls in monitoring expenses, less paperwork and processing of expense checks, and savings on travel, hotels, and supplies.

However, if the proper credit card policy is not in place it could cause issues such as overspending which will impact a company’s cash flow, the more credit cards that are issued the greater the chance of them getting lost or stolen, employees could abuse their spending levels or depending on which type of credit card program they enroll in, it could cost additional expense for the company.   

  • $200.00

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