
Explore how risk, payments, and fraud affect merchants and banks, covering online vs in-store payments, data vulnerabilities, and PCI compliance strategies.
Define fraud as intentional deception for personal gain and outline the payments ecosystem, including consumers and merchants, card options, mobile wallets, tokenization, and open versus closed loop models.
Discover how credit card data, from PAN and CVV to magnetic strips and chips, drives fraud risk, and apply PCI compliance and fraud prevention to reduce costly losses.
Explore common online fraud schemes, from 419 West African scams, phishing and skimming to romance, charity, and holiday fraud, and learn how criminals obtain personal and financial data.
Explore how fraud and chargebacks threaten e-commerce growth and how AVS, CVV, and IP location checks reduce losses. Identify friendly fraud and common risk red flags to cut costs.
Differentiate fraud from AML by exploring their motives, goals, and monitoring approaches; fraud seeks illegal gains, while AML focuses on tracing funds and regulatory compliance.
Explore the evolution of PCI standards, from CISP to PCI DSS, and learn merchant levels, ROC, SAQ, AOC, and the roles of QSA and ISA in achieving compliance.
Explore cybercrime dynamics by outlining the three-step crime calculus, easy to do, lucrative, and low risk, then profile cybercriminals, motives, and red flags to prevent fraud.
Identify suspicious activity by recognizing red flags such as unusual order patterns, new customers, mismatched payment details, and rapid changes in behavior to protect against fraud and money laundering.
Implement internal controls and segregation of duties to deter fraud and safeguard assets. Train all employees, establish a fraud risk policy, and use monitoring systems to detect suspicious activity.
Identify the risk of fraud across organizations and industries, deter fraudulent behavior through policy enforcement and employee training, and stay vigilant for red flags to prevent financial loss.
Learn how to detect and prevent fraudulent abuse of your ecommerce business by getting trained in the fraud red flags and how they appear at many different points in a customer’s journey.
Have you ever wondered how payments are being processed behind the scenes? And when a card is stolen, what usually happens to the compromised data? In this course, we are going to answer these questions and more, explaining how payments get from merchants to banks, as well as the risks associated with the theft or compromise of personal data—both to customers and merchants. We will highlight the various entities involved in payment processing and how they protect against card data loss. We will also cover the difference between fraud and money laundering and which red flags are an indication for each one.
We're also going to talk about the most common scam techniques used by fraudsters to try and obtain your personal data, like the West African Fraud, Miracle Health Scams, Online Shopping Fraud, Romance Scams, Phishing and many others.
This is an all-encompassing course that provides a broad overview of the payments processing industry including its main features, issues and trends.
You will be given a lot of examples of fraud in multiple industries, including e-commerce, iGaming, casinos, retailers and more.
You don’t need to have any previous knowledge or experience in payments to understand and follow this course, you just need to be curious about how payments work and how fraud can be prevented.