LEVEL III: ACQUIRING PAYMENTS RISK/FRAUD

MANAGEMENT: TRENDS & TACTICS

 

CONTENT OUTLINE

 

Learning Objectives:

At the end of the course, participants should be able to:

� Have a better understanding of the current trends and risks in the industry

� Governmental involvement from a risk perspective

� New trends in fraud

� Have a better understanding of tools that can be used in the underwriting process

� Have a better understanding of the risks involved with certain types of merchants and

transactions (high risk)

� Have a better understanding of how to ensure proper guidelines and monitoring tools are in

place in both Underwriting and Risk

� Have a better understanding of how to monitor your portfolio and what metrics to review from

a risk perspective

 

I. Industry Fraud Trends

� The Government’s affect on Underwriting and monitoring

� Current Fraud Trends

 

II. Merchant acquisition/underwriting current industry trends

� Underwrite an account

� Resources for verification

� Items to review on higher risk accounts

� Merchant assessment criteria

� Setting reserves

� Policy changes to make due to current trends and the economy

 

III. Risk Management

� Transaction monitoring techniques

� Typical review items

� Other items to review to mitigate risk

� Portfolio review

� The proper metrics to review

� Who you should pay attention to

� Policy changes to make due to current trends and the economy