Payment and Payment Fraud

Learn the Payment 101 and Payment Fraud 101. Learn common methods and prevention
Rating: 4.2 out of 5 (288 ratings)
4,506 students
English [Auto]
Understand the fundamentals of Payment
Understand the fundamentals of Payment Risk and Fraud
Know different fraud attacks like ATO, NSF and merchant risk
Understand how the card system and ACH system works
Know how fraudsters conduct payment attacks
Work with real-life examples to design risk rules
Learn how to design data-driven risk strategies
Learn what variables we can use for fraud-fighting
Understand how the payment system works like pull/push payments


  • Absolutely no experience is required, we will start from the basics and walk you through all the knowledge you need to know about payment and payment risk
  • Your enthusiasm to learn


Are you ready to start your path to work in payment industry and fight against fraudsters!

Payment and Payment Fraud require some domain knowledge. This comprehensive course is the first one and the only one on Udemy to share everything you need to know about the payment and payment fraud!

With the development of Blockchain and high payment fraud pressure, more and more companies especially tech companies like FB and Google have invested a lot into payment and payment risk management. The payment risk/fraud related job has increased 3 times in the last 2 years.

In this class, we cover all the knowledge you need about payment and payment risk no matter you just prepare for an interview or want to know about it or want to refresh your memory.

This comprehensive course is comparable to the payment training that usually cost hundreds of dollars, but now you can learn all that information at a fraction of the cost!

Here are just a few topics we will be learning:

  • Pull/Push Payment

  • Open-loop/closed-loop payment system

  • The card system

  • Card Authorization, Clearing & Settlement

  • Card Present Transactions vs Card not present transaction

  • Card Interchange Fee

  • Chargebacks and Refunds

  • The ACH system

  • ACH Interchange Fee

  • Account Takeover Risk

  • Stolen Financial Risk

  • Non Sufficient Funds Risk

  • Merchant Risk

  • Authentication

  • How the fraudsters do to avoid risk checks

  • Case Study

  • Risk Strategies and Rules

Enroll in the course and enjoy your time fighting fraudsters today!

Who this course is for:

  • People who want to start a career in Payment & Payment Risk
  • Business Analyst for payment risk and fraud
  • Data Scientist for payment risk and fraud
  • Engineer for payment risk and fraud
  • Anyone who is passionate about mitigating risk and catch fraud

Course content

5 sections19 lectures2h 9m total length
  • Introduction


Certified Fraud Examiner, risk expert
Sean Li
  • 4.2 Instructor Rating
  • 288 Reviews
  • 4,511 Students
  • 1 Course

I am a Certified Fraud Examiner. I have a MS in Financial Risk Management from University of Connecticut and years of experience for data/risk/fraud analysis  with market leaders in Payments.

In my day to day life, I work as a payment risk expert who designs the risk structure/strategies, fights against fraudsters and keeps the payment system safe.

Now let me take my knowledge and experience to share with you.

All courses come with lifetime access, friendly support if you get stuck and a 30 day money-back guarantee so there's no risk to get started.