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Larry Selnick

Larry Selnick, Director, Treasury and Payment Solutions for Webster Bank Larry and his team of Commercial Deposit and Payment professionals work with Webster’s customers to increase their profits by collecting receivables, disbursing funds and investing cash more efficiently and cost effectively, and by providing timely information on their cash flow position. He has over 30 years of banking experience including cash management systems, bank operations and product management. He joined Webster’s management team in 1995 to design, implement and deliver Cash Management services to commercial clients. Larry serves on the New England ACH Board of Directors, NACHA’s Internet Council on internet payments, the Treasury Management of New England membership committee and is a frequent speaker on Fraud Awareness and other payment industry trends and issues. Active in the community, Larry currently serves on the Board of Directors for the Connecticut Chapter of the Red Cross and the United Way of Connecticut/211 Call Center. Larry also serves on the Southern Connecticut University School of Business Finance Advisory Board. He was recently elected by the School of Business as a honorary member of the Delta Mu Delta Business Honor Society. Larry received his BA from Western Connecticut State University and is a graduate of the University of Virginia Graduate School of Banking in cooperation with the Consumer Banking Association. Larry has also completed the UCONN MBA Business Mastery Program. He is a member of the Central Connecticut Association for Financial Professionals as well as the National Association for Financial Professionals (AFP). Larry holds the Certified Treasury Professional designation for the AFP.

Larry's Blog Articles

In 2016, 30% of fraud cases occurred in small businesses, and 60% of these didn’t recover any of... [. . .]
When you're focused on growing your business, we know that finding the time to think about fraud protection can be difficult. [. . .]
No one likes getting hacked, whether it’s your social media accounts sending out bogus messages to all your friends, or even worse, someone stealing your banking credentials. Sometimes gaining access to your accounts is easy to guess. From the information you post on Facebook to what’s available in the yellow pages, the “bad guys” or those with a desire to commit fraud, just need a little information to attempt accessing your accounts. Follow these three simple rules to avoid getting hacked:   [. . .]
Truth be told, I do not. However, it appears I, and many others, could guess! [. . .]