London, UK – 12 September 2024 – Checkout.com, a leading global digital payments provider, today announced the launch of an online course in partnership with the Merchant Risk Council (MRC) to help payment professionals combat fraud and cybersecurity threats.
Debuted at MRC San Diego, ‘Fraud Essentials’ is the second in a series of online courses available to all MRC members for free, and will provide participants with a comprehensive introduction to digital fraud tactics and the fundamental skills needed to protect their businesses and communities from harm.
The launch is an expansion of Checkout.com’s partnership with the MRC, which began earlier this year with the launch of their ‘Payment Essentials’ course. The partnership aims to make high-quality training more accessible for all payment professionals worldwide and support the next generation of payment leaders.
According to research from PYMNTS Intelligence, 82% of US e-commerce merchants experienced some form of cyber or data breach in 2023, signaling a need for greater education in response to a growing number of more sophisticated threats.
Together with the MRC, Checkout.com aims to fill a significant gap in education for both new and seasoned experts, providing practical insights into mitigating risk so the industry can stay ahead of the rapidly evolving nature of online fraud and cybercrime.
Rory O’Neill, Chief Marketing Officer at Checkout.com, comments: “There has never been a better time to invest in a payments education. As the world continues adapting to a ‘digital-first’ economy, in order to thrive, businesses will need experts with deep payment knowledge who can manage risk alongside innovation.
"Machine learning is already having a major positive impact on our merchants' ability to combat online fraud, but we believe that advanced education in payments is essential to ensuring best practices and robust safeguards remain in place. Our partnership with the MRC is an incredible step forward in helping to break down an increasingly complex topic and hopefully will make payments a more accessible and inclusive industry.”
Julie Fergerson, CEO of the Merchant Risk Council, adds: "This program explores the intricacies of online fraud, its perpetrators, and the role of fraud analysts. MRC members can now take the course at no charge and earn CPE credits.
“As e-commerce grows, so does online fraud. Designed for fraud specialists, e-commerce professionals, and payment professionals, it explores the intricacies of online fraud, its perpetrators, and the role of fraud analysts. This course will give payment professionals the essential tools to fight back.”
The Merchant Risk Council is a global non-profit association dedicated to safeguarding the integrity of e-commerce through deep expertise in fraud prevention, payment processing, and risk management.
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