Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.


Payment Risk 101

via Udemy


Learn the Payment 101, Payment Risk and Fraud 101. Learn common methods and prevention

What you'll learn:
  • Understand the fundamentals of Payment
  • Understand the fundamentals of Payment Risk and Fraud
  • Family Fraud, Account Takeover (ATO), stolen credit card, Non sufficient funds (NSF)
  • Understand how the card system and ACH system works
  • Know how fraudsters conduct payment attacks
  • Work with real-life examples to design risk rules
  • Learn how to design data-driven risk strategies
  • Learn what variables we can use for fraud-fighting
  • Understand how the payment system works like pull/push payments
  • confusion matrix, false positive, precision, recall
  • payment risk related statistics knowledge
  • confidence interval, confidence level, sampling method
  • payment risk modeling like decision tree and random forest
  • type 1 and type 2 error
  • 3DS2.0, PSD2 and SCA

Are you ready to start your path to work in the payment industry and fight against fraudsters!

I have worked in the payment risk industry for many years with experience from PayPal and Google. I am a CFE and I am part of the MRC education committee. I am ready to share with you all my experience and knowledge.

Payment and Payment Fraud requires some domain knowledge. This comprehensive course is the first one and the only one on Udemy to share everything you need to know about payment and payment risk! This course has over 5000 reviews with 4.0+ feedback.

With the development of Blockchain and high payment fraud pressure, more and more companies especially tech companies like FB and Google have invested a lot into payment and payment risk management. The payment risk/fraud-related job has increased 3 times in the last 2 years.

In this class, we cover all the knowledge you need about payment and payment risk no matter you just prepare for an interview or want to know about it or want to refresh your memory.

This comprehensive course is comparable to the payment training that usually costs hundreds of dollars, but now you can learn all that information at a fraction of the cost!

Here are just a few topics we will be learning:

  • Pull/Push Payment

  • Open-loop/closed-loop payment system

  • The card system

  • Card Authorization, Clearing & Settlement

  • Card Present Transactions vs Card not present transaction

  • Card Interchange Fee

  • Chargebacks and Refunds

  • The ACH system

  • ACH Interchange Fee

  • 3DS2.0

  • PSD2 and SCA

  • Confusion Matrix

  • Risk Modeling

  • Hypothesis

  • Sampling Method

  • Confidence Interval

  • Family Fraud

  • Account Takeover Risk

  • Stolen Financial Risk

  • Non-Sufficient Funds Risk

  • Merchant Risk

  • Authentication

  • How the fraudsters do to avoid risk checks

  • Case Study

  • Risk Strategies and Rules

Enroll in the best payment risk course and enjoy your time-fighting fraudsters today!

Taught by

Sean Li


4.5 rating at Udemy based on 587 ratings

Start your review of Payment Risk 101

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Someone learning on their laptop while sitting on the floor.