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

MRC Members receive exclusive pricing when accessed through the member portal.  The Introduction to Payments Orchestration course offers a self-paced, foundational program covering payment orchestration fundamentals. Learn to define payment orchestration, identify its key components, and understand the challenges it addresses in the eCommerce landscape. By the end, you'll be well-versed in choosing the right payments orchestration provider, managing costs effectively, and improving your platform's payment efficiency. Who Should Enroll? eCommerce payment managers seeking to enhance their understanding of payments orchestration. Fraud prevention specialists who need to understand how payments orchestration can impact fraud management eCommerce business owners and managers looking to optimize their payment systems for efficiency and cost-effectiveness. Customer experience managers looking to optimize the customer experience through streamlined and efficient payment processes. The course may also benefit financial analysts, IT and technical professionals, compliance officers, and strategic planners and consultants in online retail. Program Details Program Level: Basic  Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self Study CPE Credits: 1.0 Advanced Preparation and/or Pre-requisites: None 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: 08/28/2023 Read more

MRC Members receive exclusive pricing when accessed through the member portal.  Step into the future of eCommerce fraud fighting with our course on Machine Learning for Fraud Prevention. Designed for fraud and risk professionals in the digital age, this course offers a deep dive into the essentials of machine learning (ML) and its pivotal role in combating card-not-present fraud. You'll learn to define machine learning, differentiate various model types, and understand their specific applications in fraud management. Additionally, you'll learn about model scores, including the distinction between raw and calibrated scores, and how to set decision thresholds. This course shows how machine learning can be combined with rules and manual review for optimal decision-making in fraud prevention. Ideal for those looking to harness the power of machine learning in securing eCommerce platforms. Who Should Enroll? Fraud prevention professionals looking to integrate machine learning techniques into their fraud-fighting strategies. Risk management professionals seeking advanced methods to identify and mitigate potential fraud risks. Data analysts and scientists interested in applying their expertise to detect and prevent fraud through machine learning models. Financial and payment professionals seeking to improve their knowledge of advanced fraud prevention techniques. This course may also benefit eCommerce business owners and managers, IT and security professionals, and compliance officers in digital retail. Program Details Program Level: Basic  Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self Study CPE Credits: 2.5   Advanced Preparation and/or Pre-requisites: None  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: 01/23/2023 Updated: 06/12/2024 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.  The Open Banking Essentials course is a self-paced, introductory program covering the basics of open banking. You’ll gain an understanding of open banking, its various use cases, and the types of data access methods. Explore the key global markets for open banking and understand the distinct position of the US within this ecosystem. Additionally, you'll become familiar with essential open banking terminology and grasp the general flow of open banking payments. By the end of the course, you'll understand the benefits of open banking for both consumers and merchants. Who Should Enroll? Payment professionals seeking to understand how open banking can enhance their operations. Banking and financial services professionals who need to keep up with the latest trends in digital banking. Regulatory and compliance officers responsible for ensuring that financial operations comply with emerging regulations and standards in the open banking ecosystem. Data Security and privacy specialists requiring an understanding of the security implications of different data access methods in open banking. This course may also benefit financial technology (FinTech) innovators, customer experience managers in financial services, and IT and technical professionals in banking. Program Details Program Level: Basic  Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self Study CPE Credits: 1.2 Advanced Preparation and/or Pre-requisites: None 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: 05/31/2023 Updated:  9/4/2024 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