VERITUITY

One of the best ways to learn about new scams is to talk to people in law enforcement. They're on the ground, taking witness statements and doing the investigations. That's one reason why I asked one of my favorite LinkedIn follows, Marc Evans, CFE to join me on Fraudology last week. And our conversation didn't disappoint! Marc talked about his career as a fraud & financial crimes detective, why he started FraudHero (a fraud training consultancy) and he shared details on a few of the most prevalent scams he's learning about from fraud victims. This particular scam 👇puts a new twist on a familiar con. We've all heard about bank impersonation scams stating there was fraud on your account. But in this one, the "bank" sends a representative TO YOUR HOUSE to retrieve & "destroy" your debit card. Shortly after the representative leaves with your card, funds are withdrawn from your account. This one is extra scary because fraudsters are becoming even more brazen. They're now robbing you face-to-face. In your home. It's so important for fraud-fighters to learn about scam trends as quickly as we can. And that's why I'm so glad Marc has started to train financial institutions and companies about what he learns so they can be well-informed quickly. This was a fun conversation w/ great fraud-fighter. You will definitely enjoy listening! 🎧 Fraudology can be found on your favorite podcast app including Spotify and Apple podcasts. ✳️ Fraudology is sponsored by Persona! Check out www. WithPersona .com/Fraudology to learn more about their KYC/KYB platform & products.

One of the best ways to learn about new scams is to talk to people in law enforcement. They're on the ground, taking witness statements and doing the investigations. That's one reason why I asked one of my favorite LinkedIn follows, Marc Evans, CFE to join me on Fraudology last week. And our conversation didn't disappoint! Marc talked about his career as a fraud & financial crimes detective, why he started FraudHero (a fraud training consultancy) and he shared details on a few of the most prevalent scams he's learning about from fraud victims. This particular scam 👇puts a new twist on a familiar con. We've all heard about bank impersonation scams stating there was fraud on your account. But in this one, the "bank" sends a representative TO YOUR HOUSE to retrieve & "destroy" your debit card. Shortly after the representative leaves with your card, funds are withdrawn from your account. This one is extra scary because fraudsters are becoming even more brazen. They're now robbing you face-to-face. In your home. It's so important for fraud-fighters to learn about scam trends as quickly as we can. And that's why I'm so glad Marc has started to train financial institutions and companies about what he learns so they can be well-informed quickly. This was a fun conversation w/ great fraud-fighter. You will definitely enjoy listening! 🎧 Fraudology can be found on your favorite podcast app including Spotify and Apple podcasts. ✳️ Fraudology is sponsored by Persona! Check out www. WithPersona .com/Fraudology to learn more about their KYC/KYB platform & products.

Today, President Donald J. Trump signed an Executive Order to modernize how the government handles money, switching from old-fashioned paper-based payments to fast, secure electronic payments. - The Order mandates that, effective September 30, 2025, the Federal government will cease issuing paper checks for all disbursements, including intragovernmental payments, benefits, vendor payments, and tax refunds. - All executive departments and agencies must transition to modern, electronic funds transfer (EFT) methods like direct deposit, debit/credit card payments, digital wallets, and real-time transfers. - Payments made to the Federal government, such as fees, fines, loans, and taxes, must also be processed electronically where permissible under existing law. - Treasury will phase out physical lockbox services and expedite electronic collection of Federal receipts. - A comprehensive public awareness campaign will be launched to inform Federal payment recipients of the shift to electronic options and offer guidance on setting up digital payments. - Exceptions will be made for people without banking or electronic payment access, certain emergency payments, certain law enforcement activities, and other special cases qualifying for an exception under the Order or other existing law. - This Executive Order does not establish a Central Bank Digital Currency (CBDC). https://lnkd.in/gMMg5wJK #payments #us #regulatory #banking

I had a productive conversation with Tim Pawul from Minerals & Royalties Authority about preventing fraud and errors when making energy royalty payments. Whether it’s shifting royalty owners from check to lower cost and safer digital payments or simply making payments via wire or other digital payment channels, VERITUITY’s platform uses AI and automation to ensure the right royalty owner and payment account is paid on-time, every time. To learn more, listen to The Minerals and Royalties podcast titled "How to Avoid Wire Fraud and Create Secure Payment Processes". https://lnkd.in/ebaebCme

Verification Of Payee for batch payments: compliance or complexity? Batch payments have long been a standard for corporates. But with the new Verification Of Payee (VOP) requirements, they are now facing new challenges. Every SEPA Instant Payment and SEPA Credit Transfer must be verified. This includes bulk and batch payments and adds extra steps to high-volume transactions. ✔️ Verification is required for all payment initiation channels, including batch and bulk payments. ✔️ Opting out is possible, but only for corporates. Banks and PSPs must still offer the service. ✔️ Regulatory compliance is non-negotiable, but how verification is integrated will impact operational efficiency. This raises key questions for both corporates and financial institutions. ❓ How will batch verification affect processing times? ❓ Will opting out shift too much risk to corporates? ❓ What is the best way to integrate verification without slowing down payments? VOP is set to change how bulk payments are handled across Europe. The challenge is no longer just compliance. It is about making it scalable, practical, and risk-proof How is your organization preparing for batch payment verification under the new VOP requirements?