Training Options Discussing How to Build A Fraud Solution
A bag of fraud tools does not constitute a fraud solution. Navigating the eCommerce fraud landscape can be difficult if you don’t have a good understanding of the underlying terminology, lingo and technology that is available. The eCommerce channel is still relatively young, and everyone from your peers to solution providers, from associations to the media will be trying to tell you they know how to prevent fraud in your business better than you do. But what you hear will typically only represent partial pictures. For example, most merchants just starting business online believe they will be protected from fraud by the tools offered from the card associations. The reality is, while these tools provide some protection they are not enough to prevent fraud from occurring.
If you are new to payments and fraud risk in the CNP channel you should start by taking the Introduction to e-Identity course focused on the practices and techniques for authenticating and verifying an electronic identity. If you are familiar with the basics of payment fraud and risk mitigation in the eCommerce channel, the Overview of Fraud Prevention Techniques provides a vast overview of many fraud prevention tools and techniques available in the market or that can be performed in-house.