How to Use Transaction Data to Manage Fraud Risk

The rise of mobile and cloud-based payments allows cardholders to pay via different devices, and across multiple interfaces. As payment transaction types diversify, issuers are finding it increasingly important to take a holistic approach to managing risk. Issuers must evaluate each transaction on its own merits by embedding logic in their authorization hosts, which uses the point-of-sale (POS) entry mode and the transaction service code to evaluate card verification values.

An overview of these data elements, along with best practices issuers should consider to optimize risk management in your portfolios.

1 course, 30 minutes, 6-month unlimited access after enrollment

 Key Topics

  • Using card verification values, point-of-sale entry modes and service codes to identify fraud
  • Common fraud scenarios
  • Issuer best practices to mitigate fraud
  • Visa system enhancements that can help to control fraud risk
  • Key resources on fraud risk available for issuers

Who Should View

Issuers who want to understand how to manage fraud risk using data elements from the transaction.

Course Details:

Course Value: Login to view
  • English
Enroll now

Fraud Prevention for Issuers and Acquirers

Offers a wide panorama of the fraud prevention aspect, from analysis to the tools and roles in the organization.

- Payment Modalities Manager, Uruguay

PIN Security

Important and required to approve the audits of Visa about the PIN.

- Executive-Information Security, Ecuador

Fraud Prevention for Issuers and Acquirers

Necessary for updating and learning of new techniques, norms and regulations.

- Authorizations Centre Head, Ecuador