Payment Risk 101

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

Created by: Sean Li
Certified Fraud Examiner, risk expert

What Will I 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

Target audience

• 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