MRC | Merchant Risk Council’s Post

Do you ever ask 'why' or 'what the hell are they doing/not doing?' about other people in your life? Be it a relationship, the person driving next to you or in this case, the Issuer who is a vital part of ecosystem for you to collect some form of payment. This is an #exclusive member opportunity to peer behind the curtain. To seek to understand. To have conversations that might leave you realizing that they have similar interests and challenges like those you are having - regardless of where you are in the payment pipeline. And if you aren't a member of MRC | Merchant Risk Council yet, you should be. It is the easiest return on investment you can give you company for your true role: revenue optimizer. And that is even without my personal bias. #fraudprevention #payments #issuers

Chargebacks911 and Lloyds Bank are tackling a 211% spike in card disputes. 🗞️ Find out more: https://hubs.li/Q02PKywc0 Our collaboration is focused on identifying and blocking these fake transactions to enhance payment security for everyone. Learn how this partnership aims to protect your transactions and keep fraudsters at bay. Dive into the full story on Payment Expert and see how we're making strides in the fight against payment fraud! #FraudPrevention | #PaymentSecurity | #Chargebacks911

💡 Welcome to this week's edition of #FIBRFriday, where we share insights from our Fraud Industry Benchmarking Resource, FIBR. Recently we looked at payment fraud in the ticketing industry (companies that engage in the sale or distribution of tickets for events, services, or transportation), which saw some of the highest payment fraud increases over the course of last year, spiking by 63% in 2023 compared to 2022. Today, we're examining account takeover (ATO) trends in ticketing, where the ATO attack rate reached a staggering 13% last year, well above other industry averages. 🔗 Explore the FIBR tool yourself and let us know what you think is causing the rise in ATO for this industry in the comments below 👇 https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #Fraud #FraudRates #SiftFIBR #FIBRInsights #PaymentFraud #ATO #AccountTakeovers #AIPowered #GrowFearlessly #TicketingIndustry

A leading bank sought to refine its bankruptcy filing onboarding process by eliminating manual verifications. Epiq AACER’s innovative platform introduced full Social Security Number support, cutting the onboarding time for new filers in half. This transformation not only enhanced efficiency but also improved customer service quality. Learn about the significant impact of integrating precise identification capabilities in today's case study spotlight: https://lnkd.in/gkSQSJY2 #banking #commercialbanking #chapter11 #casestudy

A leading bank sought to refine its bankruptcy filing onboarding process by eliminating manual verifications. Epiq AACER’s innovative platform introduced full Social Security Number support, cutting the onboarding time for new filers in half. This transformation not only enhanced efficiency but also improved customer service quality. Learn about the significant impact of integrating precise identification capabilities in today's case study spotlight: https://lnkd.in/gkSQSJY2 #banking #commercialbanking #chapter11 #casestudy

We know Bankwest customers expect secure, simple, and value-driven digital and broker services, and we’re accelerating investment to meet their changing needs. We’re proud that Bankwest is among the first Australian banks to introduce NameCheck, while securing its unique Alpha Tags, providing customers increased transparency and giving them more confidence in their transactions and communications with us. Scammers are employing increasingly sophisticated techniques and multi-layered scams and, as we aspire to be Australia’s favourite digital bank, we’ll continue to invest in services that better protect customers, with more secure, simple, and accessible digital experiences planned for the future. You can read more at The West Australian via Cheyanne Enciso: https://lnkd.in/g7MXG7a7 Or the Bankwest website: https://lnkd.in/guNp_Sjr #digital #banking #digitalbanking #scamsandfraud #scams #fraud #techtools #namecheck #digitalinvestment #brokers #broker #digitalbroker #investment #digitalinvestment

FRAUD BYTE: The Future of Chargeback Solutions 🚀 Our special guest Jordan Harris delves into a significant shift in banking dynamics. 💡 Traditionally, banks show less concern for fraud and chargeback disputes. With Compelling Evidence 3.0, advocating heightened bank accountability. 🛡️ The idea is simple yet revolutionary — banks should bear more dispute costs, reducing random chargebacks and supporting struggling merchants. 🤝 Emphasizing the importance of setting a barrier in the dispute process to prevent automatic approvals. Cheers to #ChargebackProtection and #MerchantProtection! 🌐💼 Join the conversation. Have you noticed similar trends, or do you have ideas for improving chargeback protection? Share your thoughts below! 👇💬 #FraudPrevention #BankingInnovation #IPQS #FraudDetection #FraudBoxer

A leading bank sought to refine its bankruptcy filing onboarding process by eliminating manual verifications. Epiq AACER’s innovative platform introduced full Social Security Number support, cutting the onboarding time for new filers in half. This transformation not only enhanced efficiency but also improved customer service quality. Learn about the significant impact of integrating precise identification capabilities in today's case study spotlight: https://lnkd.in/gkSQSJY2 #banking #commercialbanking #chapter11 #casestudy

A leading bank sought to refine its bankruptcy filing onboarding process by eliminating manual verifications. Epiq AACER’s innovative platform introduced full Social Security Number support, cutting the onboarding time for new filers in half. This transformation not only enhanced efficiency but also improved customer service quality. Learn about the significant impact of integrating precise identification capabilities in today's case study spotlight: https://lnkd.in/gkSQSJY2 #banking #commercialbanking #chapter11 #casestudy

$27,000 worth of #fuelfraud in a single day? No longer! See how switching to Relay Payments enabled Solid Rock Carriers to eliminate card skimming fraud, access real-time visibility into purchases, and leverage comprehensive reporting data for maximum efficiency. https://hubs.li/Q02mHKYS0 #GoRelay #digitalpayments