View all questions & answers for the CFE-Financial-Transactions-and-Fraud-Schemes exam
Which of the following is FALSE regarding electronic payment tampering?
Positive pay is recommended for ACH transactions to ensure their legitimacy.
ACH blocks allow account holders to notify their banks that ACH debits should not be allowed on specific accounts.
The lack of physical evidence makes electronic payment tampering more difficult to detect than traditional check tampering.
The individual who makes electronic payments on behalf of the company should also set ACH filters to ensure that only designated individuals are paid.
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