Saturday, February 16, 2019

SMEs should switch to Fast e-payments

The recent spate of cases of small and medium-sized enterprise (SME) employees defrauding their employers have invariably involved the use of company cheque books in the custody of rogue employees.

SMEs can reduce the risk of such fraud by switching from cheque to Fast and Secure Transfer (Fast) payments.

Employees now responsible for cheque preparation can be given "preparer" role and their employers, who now sign the cheques, can be the "approver" in a Fast payment.

https://tklcloud.com/Feedback/feedback2.aspx?id=1107

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