Enterprise Bank & Trust

Blog: August 2016

Fraud Prevention: Identifying the Top 4 Types of Fraud

August 25, 2016

You are an expert at your business, but what do you know about fraud prevention? Criminals target small businesses because they know you don’t have the resources to monitor for fraudulent activity. The first line of defense is knowing the most common types of fraud.

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fraud prevention

8 Steps to Help Prevent Small Business Fraud

August 25, 2016

Financial fraud has become an increasingly common threat for many small businesses. How pervasive is the crime? According to the Association of Certified Fraud Examiners, the typical small business loses 5% of annual revenues to fraud.

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ach fraud

Business Owner's Guide to ACH Fraud Prevention

August 25, 2016

Being aware and prepared are the best ways to help prevent ACH fraud. Small businesses are often too busy to dedicate time and resources to fraud prevention. There are, however, simple steps any business can do to help manage the problem.

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check fraud

Business Owner's Guide to Check Fraud Prevention

August 25, 2016

It’s not a matter of if, but when fraud will happen. Although there are many forms of payment fraud, checks continue to be the payment method most often targeted. After all, checks are still a commonly used payment method.

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The Latest from the Fed: How Soon and How Much?

August 18, 2016

This week two Federal Reserve Bank Presidents spoke on the issue of monetary policy and the short-term Fed Funds target rate and both were somewhat bearish. On Tuesday, New York Fed President William Dudley, stated that, “We’re edging closer towards the point in time where it will be appropriate, I think, to raise interest rates further.”

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Productivity Growth (or a Lack There of): A Problem?

August 16, 2016

Last week, the Bureau of Labor Statistics released the second quarter estimate of labor force productivity in the US. The report indicated that for the last three quarters, productivity has actually fallen in this country.

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The Global Economy: Not as Bad as You Think?

August 12, 2016

The U.S. economy keeps chugging along, but economic growth overseas is hit or miss. Outside of the US, developed country growth is anemic, but emerging market growth in the Asian region may be climbing.

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Fraud Alert: Business Email Compromise Schemes

August 9, 2016

Hackers can duplicate legitimate email addresses, and then pretend to be someone within your organization. They will ask you to send a wire transfer or payment urgently for what may seem to be a legitimate purpose.

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The Bank of England and Negative Sovereign Yields

August 5, 2016

Yesterday, the Bank of England, led by Governor Mark Carney, announced that it would lower its Official Bank Rate to 0.25% from 0.5% and increase its monthly long-term bond purchases from £375 billion to £435 billion.

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