MRC Education Store

The Geolocation Technology in the Fight Against Fraud course introduces geolocation as a vital tool for fraud prevention, covering technologies like IP geolocation, GSM triangulation, Wi-Fi, GPS, and Bluetooth-based tracking. Each method brings unique strengths in pinpointing user and device locations, aiding in fraud detection by flagging suspicious behaviors, and verifying low-risk activities. The course explores geolocation's evolution from basic IP-based methods to sophisticated, multi-layered solutions that enhance accuracy and provide real-time insights. Privacy, legal compliance, and data security are emphasized, with guidance on adhering to regulations like GDPR and CCPA through transparent data handling and user consent. Learners gain practical skills in implementing geolocation for fraud detection, including setup, data collection, and integration with other security systems. The course examines evasion tactics fraudsters use, such as VPNs and location spoofing, and effective countermeasures to address these challenges. Future trends are discussed, expanding the potential of geolocation in security frameworks. Concluding with ethical and legal considerations, the course prepares participants to responsibly leverage geolocation technology for enhanced fraud prevention while upholding user privacy and trust. Who Should Enroll? Fraud Analysts will gain insights to assess risks, reduce false positives, and identify coordinated fraud attempts using geolocation data. Payment Security Specialists will learn to safeguard payment systems against unauthorized activities like card-not-present fraud and account takeovers. eCommerce Fraud Managers will enhance fraud detection during transactions, disputes, and account sharing with practical geolocation applications. Chargeback Specialists will use geolocation data to strengthen compelling evidence reports and effectively fight false claims. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 2.0 Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 12/04/2024 Read more

The Pay by Bank course provides a comprehensive overview of the emerging and increasingly popular payment method that allows consumers to make direct payments from their bank accounts, bypassing traditional card networks. Participants will explore how Pay by Bank leverages open banking, real-time payments, and robust security features to offer a more cost-effective, secure, and user-friendly alternative to conventional payment methods. This course covers key features, technical integration, benefits, challenges, and future trends shaping this innovative payment solution. It is designed to equip payment and fraud professionals with the knowledge needed to implement and optimize Pay by Bank in their operations while staying compliant and adapting to evolving consumer and regulatory demands. Who Should Enroll? eCommerce Payment Managers can learn how to integrate Pay by Bank into platforms, optimize checkout processes, and reduce transaction costs and cart abandonment. Fraud Prevention Specialists will understand how Pay by Bank's security features minimize fraud and protect businesses from losses. Financial Analysts in Payment Systems will gain insights into the cost-saving benefits and improved cash flow of using Pay by Bank. Compliance and Regulatory Officers can stay updated on regulatory frameworks like GDPR, PSD2, and open banking to ensure compliance. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 11/26/2024 Read more

Bot Mitigation Strategies for eCommerce explores bots' complex and dynamic ecosystem and their vast – often hidden – impact on eCommerce. These automated threats are behind massive customer data breaches and hundreds of millions of dollars lost to fraud each year. They harm the customer experience and cause long-term damage to brands. They lower companies’ revenues while raising their operating costs. They are now threatening key IP by scraping proprietary AI models and APIs. Given these stakes, an effective bot defense is of interest far beyond Security and IT teams - it is a critical foundation to safeguard the future of a business. Participants will learn about different types of attack and their impacts, understand the motivations of the attackers, and signs and symptoms their business may have a bot problem. They will become knowledgeable about how AI is fueling these threats, what defenses are effective today, and key features to look for in a bot mitigation provider. Who Should Enroll? Cybersecurity professionals and IT administrators looking to enhance their bot detection and mitigation strategies. Fraud prevention specialists seeking to protect against automated threats and improve detection accuracy. Developers and data scientists interested in applying machine learning for real-time bot detection. Digital platform managers wanting to integrate advanced bot management into their security protocols. Risk management and compliance officers ensuring security measures meet industry standards in mitigating bot attacks. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 11/06/2024 Read more

In the fast-paced world of digital payments, optimizing transaction processing, managing costs, and enhancing fraud prevention are critical to business success. At the core of these processes lies a powerful tool—Bank Identification Numbers (BINs). This course offers payment professionals a deep dive into both standard and enhanced BIN data, equipping them with the knowledge to leverage this crucial data for optimizing payment workflows, minimizing costs, and bolstering fraud detection strategies. Participants will explore the evolution of BINs, understand their role in payment processing, and learn how enhanced BIN data provides granular insights that standard data cannot. By the end of the course, professionals will be able to use enhanced BIN data for strategic transaction routing, cost management, customer segmentation, and more. Who Should Enroll? Fraud prevention analysts will learn to use enhanced BIN data to improve fraud detection and prevent fraudulent transactions. Payment professionals will discover strategies for optimizing transaction routing and reducing costs with BIN data. Data analysts will gain insights into incorporating BIN data for better customer behavior and transaction analysis. IT and security professionals will learn to integrate BIN data into payment systems to enhance security and transaction flow. Compliance officers will understand BIN data’s role in regulatory compliance and cost management. E-commerce and retail business owners will benefit from using BIN data to personalize payment options and improve efficiency. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 10/23/2024 Read more

The Mobile Data Uses for Fraud Prevention course offers a comprehensive understanding of how mobile data can be leveraged to enhance fraud prevention strategies. Participants will explore various types of mobile data, such as device metadata, geolocation, usage patterns, and network details. The course covers the key stakeholders in mobile data collection and usage, including data providers, regulatory bodies, and end-users, along with a detailed overview of the regulatory landscape and compliance requirements. Participants will learn about different sources of mobile data and the methods used to collect it, including technologies like APIs and secure data transmission. The course also focuses on the practical applications of mobile data in fraud prevention, highlighting critical benefits like improved detection rates, reduced false positives, and enhanced operational efficiency. Lastly, the course will outline a framework for implementing mobile data strategies in fraud prevention, addressing system integration, continuous improvement, and real-time data analysis. By the end of the course, participants will understand the critical role mobile data plays in modern fraud prevention and how to apply these strategies effectively. Who Should Enroll? Fraud prevention analysts and specialists involved in detecting and preventing fraud will gain insights into how mobile data can be used to enhance their strategies and improve detection accuracy. Data analysts and data scientists will benefit from understanding how to incorporate mobile data into their analytical frameworks for fraud detection. IT and security professionals will learn how to integrate mobile data with existing infrastructure to enhance security measures. Compliance officers tasked with ensuring that data practices comply with regulatory standards will find value in understanding the regulatory landscape surrounding mobile data collection and usage. This course may also benefit risk management and financial services professionals. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.8 Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 10/02/2024 Read more

MRC Members receive exclusive pricing when accessed through the member portal.  In today's digital age, where eCommerce platforms thrive, so does the risk of online fraud. Understanding the foundations of online fraud is crucial whether you're dealing with credit card fraud, marketplace fraud, or first-party misuse (aka friendly fraud). The MRC Fraud Essentials course is a self-paced program that explores the intricacies of online fraud, its perpetrators, and the role of fraud analysts. By the end of the course, you will have a strong foundation in navigating the complex world of online fraud! Who Should Enroll? Fraud specialists starting in the fraud analysis and prevention field. Fraud analysts staying current on the latest industry standards. eCommerce professionals looking to enhance their store's security and customer trust. Payments professionals aiming to upgrade their fraud knowledge. Program Details  Program Level: Basic  Program Field of Study: Specialized Knowledge  Program Delivery Method: QAS Self Study CPE Credits: 3.6 Advanced Preparation and/or Pre-requisites: None  For more information regarding any concerns, please contact our office at 206-364-2789 or email programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org    This course was revised on 10/04/2023 Read more