Build a foundational understanding of fraud and explore the latest fraud management tools and best practices for issuers and acquirers.
Begin the course by reviewing foundational topics that will help you better understand consumer fraud, payment acceptance risks and third-party risk management. Learn about the different payment ecosystems, their key stakeholders and emerging players. Then, explore a framework to help you detect and prevent fraud and protect the health of these ecosystems.
Next, dive into consumer fraud management and fraud dispute reporting. Explore the different types of consumer fraud and current fraud trends. Learn about the services Visa provides to help you manage fraud, as well as fee-based services available to enhance fraud management.
Continue by exploring fraud risk management for acquirers. Discover how acquirers can manage fraud and risk while working with merchants and other payment acceptance entities. Learn about the Visa Acceptance Risk Standard (VARS), which outlines essential guidelines and protocols established by Visa to manage and mitigate risks associated with card acceptance, as well as the key control requirements for acquirers sponsoring third-party agents to effectively manage risks and ensure compliance with VARS. Furthermore, dive into the Visa compliance programs for acquirers, including the Visa Integrity Risk Program (VIRP), Visa Acquirer Monitoring Program (VAMP) and Account Information Security (AIS), designed to ensure the safety, security and integrity of Visa’s payments network.
Conclude the course by reviewing the fundamentals of issuer fraud risk management and how issuers manage third-party agents and card vendors. Lastly, learn about Visa’s compliance programs for issuers, including the Visa Issuer Monitoring Program (VIMP), Fraud Reporting and Control Program (FRECOP) and Account Information Security (AIS), designed to safeguard the issuer’s business and reputation in the payments ecosystem.
Key Topics
- Fraud risk foundations
- Payments ecosystems, stakeholders and emerging players
- Fraud definition and consumer fraud measurement
- Overview of fraud risk management framework
- Consumer fraud risks
- Consumer fraud foundations
- Types of consumer fraud
- Fraud trends
- Visa’s role in consumer fraud management
- How Visa helps in fraud management
- Using Visa’s Value-Added Services (VAS) to help with fraud management
- Fraud dispute reporting
- Payments acceptance risk management
- Payments acceptance risk
- Visa Acceptance Risk Standard (VARS)
- Acquirers Sponsoring Third-Party Agents (ATPA)
- Visa acquirer compliance programs
- Issuer fraud risk management
- Overview of issuer fraud risk
- Managing third-party agents and card vendors
- Visa issuer compliance programs
Who should take this course
- Professionals working in the financial services industry, particularly those employed by issuers and acquirers.
- Individuals who are new to fraud risk management, looking to strengthen their foundational knowledge in this area or who are in a role that involves managing fraud and risk within payments ecosystems.
Important notes
- Access to this course begins at the time of purchase and lasts for 60 days.
- This course is eligible for a digital badge.