Sarasota, Florida (PRWEB) February 20, 2014
The course and data sheet are designed to provide a strong overview of how credit card issuer alerts work as well as the vendor market and service offerings available to merchants and issuers. The course and data sheet are an essential resource for merchants and issuers that are considering the use of, or purchase of, credit card issuer alert services. They are also a great professional development asset for risk and fraud professionals in the merchant and issuer space that are looking to stay current on methods and techniques for managing fraud and conversion in the CNP channels.
Credit card chargebacks can cost merchants large amounts of money in fees, and in extreme cases with many chargebacks a merchant’s account might be closed down, crippling the organization’s ability to handle credit card transactions. For some merchants the crippling effect of chargebacks can lead to restrictive upfront fraud screening on consumer transactions that can negatively impact sales conversion. Credit card issuer alerts offer merchants a monitoring technique to manage some chargebacks post transaction, but before they are realized as chargebacks, allowing them to feel more comfortable with reduced fraud restrictions pre purchase.
Credit Card issuer alerts have been around for several years, but many merchants and issuers are still not aware of how and where issuer alerts apply, and they aren’t familiar with what vendor options and capabilities are available in the market. The Fraud Practice has combined industry research with practical experience using credit card issuer alerts to produce this online course and data sheet dedicated to the credit card issuer fraud technique. The online course and data sheet are designed to provide a business with an overview of the credit card issuer alert market; “What is it?” “What can you do with it?” “Who are the vendors that offer it, and how are they different?” “How does it fit into a risk program?” “How easy is it, and how long does it take to implement?”
"The new Fraud Practice Training Course and Data Sheet on Issuer Alerts provides an invaluable and unbiased overview of how merchant and issuer collaboration services can be a strong defense for the significant problem of unwarranted chargebacks. The Fraud Practice is a respected voice in the payment consulting and solutions space and provides timely research and real answers to the problems facing merchants and issuers alike."
Frank Stornello | CMSO | Verifi, Inc
The Fraud Practice is a privately held US LLC based in Sarasota, Florida. The Fraud Practice provides consulting services on eCommerce payments, fraud prevention, and credit granting as well as prepared research and training for payment and fraud professionals. Businesses throughout the world rely on The Fraud Practice to help them build and manage their payment, fraud, and risk prevention strategies.