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Risk, Payments and Fraud
Rating: 4.5 out of 5(5,809 ratings)
12,276 students

Risk, Payments and Fraud

How to detect and prevent fraud in your online business
Last updated 6/2023
English
Arabic [Auto],English

What you'll learn

  • Detect and prevent fraud in your online business
  • Identify red flags and how they appear at many different points in the customer journey
  • Payment Card Industry Data Security Standards (PCI DSS)
  • Learn how payments are being processed behind the scenes
  • Recognize the risks associated with the theft or compromise of personal data
  • Credit Card Transaction Processing
  • The risks associated with the theft or compromise of credit card data
  • How to prevent fraud and reduce chargebacks
  • Profiling cybercriminals and identifying their motives

Course content

3 sections11 lectures1h 19m total length
  • Introduction1:53

    Explore how risk, payments, and fraud affect merchants and banks, covering online vs in-store payments, data vulnerabilities, and PCI compliance strategies.

  • The Payments Ecosystem12:03

    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.

  • The Cost of Fraud6:07

    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.

  • Quiz 1

Requirements

  • No previous experience or knowledge required

Description

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.

Who this course is for:

  • People who want to start a career in Risk, Payments and Fraud
  • Online businesses and e-commerce operators wishing to train their entry level employees
  • Analysts, data scientists and engineers working in Risk, Payments and Fraud
  • Anyone who is passionate about mitigating risk and catching fraudsters
  • Beginners in the Payments Industry