Overview

The goal of risk management intelligence is to manage your e-commerce service's risks more effectively and on autopilot so that: - you succeed in new markets; - keep your risk exposure stable; and - maximize your conversion. It aims to avoid: - high-fraud-rate procedures of card schemes; - reduce the number of accepted payments to prevent frauds; and - dedicate extra resources to fighting fraud in an emergency. With risk management intelligence you reduce: - repeat fraud offenses; - the required expertise-level to manage payment fraud; and - the costs of managing payment fraud by properly scheduling IT investments and training efforts. How it will help you? This book will help you: - grasp the global picture; - go deep into the details; and - name the different elements and methods used in fraud detection and risk management intelligence systems. What's in it for you? This book covers: 1. payment processing intermediaries and processes; 2. payment fraud's origins and processes; 3. today's fraud prevention approaches and mechanisms; 4. the foundations for big data and statistical learning; and 5. concepts from financial risk management to manage the risk of your e-commerce. Who is it for? The process components and methods are relevant to all levels of seniority in the business. They're not just for those who carry out payment verifications or make audit reports. They're also relevant to those who need to understand the terms being used and a vision of the whole process, such as executives, lawyers, or investors.

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9781979086950

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Fabrice Colas is a scientist, an entrepreneur, and a software engineer who studied in France (Eng. & M.Sc. research) and received a PhD in statistical learning from the Netherlands. For several years, he worked as a postdoctoral scholar in human genetics and statistics in the United States and the Netherlands. Then he seized an opportunity at an international e-merchant to apply his knowledge towards reducing payment fraud. His contribution helped the e-merchant reduce drastically the impact of fraud on its bottom-line. Today, Fabrice helps e-commerce services in Europe and internationally to reduce their exposure to financial and operational risks with risk management intelligence via on-site training, support, expertise, and software solutions in SaaS.

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