Stay in the know and subscribe to the e-AP News e-zine. AP Now & Tomorrow’s free weekly newsletter by Mary Schaeffer includes tips, payment issues, products, job listings, and upcoming events. Read the excerpt below from the most recent article featured in the newsletter.Best Practice Advice: Handling Change of Bank Account Requests Most experts recommend that organizations pay as many vendors as possible using electronic payments, often referred to as ACH payments. And finally, the corporate world in the US is following. Of course, most companies in other parts of the world have been paying their vendors this way for a long time. But that’s another story. With this change come a few new issues. One of those is a variant on an old fraud. In the check world, from time to time, companies had to deal with fraudulent requests for changes in the remit-to address. The electronic version, with its own unique twists, is fraudulent requests for changes to bank accounts used for payments. Let’s take a look at the issue as well as best, almost best and worst practices for addressing it.
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