There are over 200 fraud vendors servicing the market. The Fraud Solution Provider marketplace exploded from a handful of vendors in the early 2000’s to over 200 vendors offering services to merchants and businesses in the CNP channel today. The fact is, at some point in a company’s lifetime they will end up considering, directly or indirectly, the use of a managed service provider or fraud solution provider for some or all of their fraud management needs. But the notion that all managed services and fraud solution providers are the same or can be discussed with an apples-to–apples comparison just isn’t the reality of the market.

 

The Fraud Practice offers several online fraud training programs focused on the process of discussing and selecting third party vendors for fraud prevention and managed services. These training programs will help you learn about your options in the fraud and payment vendor landscape, learn how to prepare for your search for a vendor, and teach you how to categorize and compare vendors to make sure you are selecting the right vendor for your company. The Introduction to Managed Services for CNP Fraud Prevention course provides an overarching definition of what a managed service is with respect to the scopes of coverage the different types of managed service providers offer. But with so many vendors servicing the market it is best to categorize and group like vendors to make more accurate comparisons as discussed in the Making Sense of the Fraud Vendor Landscape course.