A new initiative from the Global Cyber Alliance (GCA) and Mastercard, the Cybersecurity Toolkit, is for small business owners to give guidance and basic and usable security controls.
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Mary Hughes, Senior Payments Information Consultant, Federal Reserve Bank of Minneapolis and Matt Davies, Payments Outreach Officer, Federal Reserve Bank of Dallas present guidance on how to utilize the Remittance Coalition’s Small Business Payments Toolkit, which is a great, free resource to help small businesses improve their payments processing by encouraging the use of electronic payments. Many small businesses rely heavily on checks, which are expensive to process, labor-intensive and prone to fraud. The session also covers basic education on types of payments and explain how to adopt electronic payments such as automated clearing house (ACH) transactions as well as how small businesses can work with their bankers to improve efficiency of payments processing and suggest tips on how small businesses can avoid losses due to payments fraud. Learn what your peers are curious to understand by listening to the question-and-answer session beginning at time marker 52:17.
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