Payment Risk 101

Learn the Payment 101, Payment Risk and Fraud 101. Learn common methods and prevention

What you'll learn
Understand the fundamentals of Payment
Understand the fundamentals of Payment Risk and Fraud
Family Fraud, Account Takeover (ATO), stolen credit card, Non sufficient funds (NSF)
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
confusion matrix, false positive, precision, recall
payment risk related statistics knowledge
confidence interval, confidence level, sampling method
payment risk modeling like decision tree and random forest
type 1 and type 2 error
3DS2.0, PSD2 and SCA
Requirements
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
Description
Are you ready to start your path to work in the payment industry and fight against fraudsters!I have worked in the payment risk industry for many years with experience from PayPal and Google. I am a CFE and I am part of the MRC education committee. I am ready to share with you all my experience and knowledge. Payment and Payment Fraud requires some domain knowledge. This comprehensive course is the first one and the only one on Udemy to share everything you need to know about payment and payment risk! This course has over 5000 reviews with 4.0+ feedback. 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 costs 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 PaymentOpen-loop/closed-loop payment systemThe card systemCard Authorization, Clearing & SettlementCard Present Transactions vs Card not present transactionCard Interchange FeeChargebacks and RefundsThe ACH systemACH Interchange Fee3DS2.0PSD2 and SCAConfusion MatrixRisk ModelingHypothesisSampling MethodConfidence IntervalFamily FraudAccount Takeover RiskStolen Financial RiskNon-Sufficient Funds RiskMerchant RiskAuthenticationHow the fraudsters do to avoid risk checks Case StudyRisk Strategies and RulesEnroll in the best payment risk course and enjoy your time-fighting fraudsters today!

Who this course is for:
People who want to start a career in Payment & Payment Risk,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,payment risk professionals