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RAPID Edu eLearning Courses

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eLearning for Continuing Professional Development 

Education is at the heart of the MRC’s mission to make eCommerce better for everyone. One of the goals of the Merchant Risk Council is to serve as an educational resource for payments and fraud prevention professionals of all levels. MRC’s RAPID Edu eLearning program helps make that possible.

RAPID Edu is the MRC's proprietary on-demand educational platform designed to provide self-directed education on the fundamentals of payments and fraud. The wide selection of accredited courses allows professionals to learn at their convenience, receive certificates and earn continuing professional education (CPE) credits upon course completion. CPE credits may be applied to a variety of professional certifications, including Certified Payments and Fraud Prevention Professional (CPFPP), Certified Fraud Examiner (CFE), and others.

RAPID Edu is ideal for:

  • Professionals who wish to revisit the fundamentals of payments and fraud prevention
  • Individuals looking to enhance their professional credentials
  • Managers looking for industry-specific training materials
  • Anyone interested in exploring a career in this dynamic industry

All Access Pass

One year of access to our entire RAPID Edu course catalog

The RAPID Edu All-Access Pass is the easiest and most affordable way to meet your professional development needs year-round while earning CPE credits that can be applied toward industry certifications.
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eLearning Course Catalog

The MRC currently offers the following RAPID Edu courses:
CPE Credits: 1.40
Rating
Course Length 2 hours
Course Topics
  • Define Buy Now, Pay Later (BNPL)
  • Identify the target audience
  • Recognize what a Buy Now, Pay Later purchase looks like
  • Identify potential risks of Buy Now, Pay Later for merchants and consumers
  • Recognize the current regulatory requirements and potential future requirements
  • List best practices for implementing Buy Now, Pay Later
Pricing

Members: $75 USD

Non-Members: $150USD

(taxes not included)
This course was developed on 18/04/2022.
CPE Credits: 1.40
Rating
Course Length 2 hours
Course Topics
  • Define Chargebacks
  • Categorize Types of Chargebacks
  • Identify the Key Stakeholders in the Chargeback Process
  • Outline the Steps of the Chargeback Process
  • Compare Open Loop vs. Closed Loop Systems
  • Describe Reason Codes
  • Identify Common Reason Codes
  • Outline the Steps of the Merchant Challenge Process
  • Calculate Four Common Chargeback Metrics
  • Apply Chargeback Prevention Techniques
  • Identify Common Chargeback Solutions
Pricing

Members: $75 USD

Non-Members: $150USD

(taxes not included)
This course was developed on 12/05/2022.
CPE Credits: TBD
Rating
Course Length TBD
Course Topics
  • Define cryptocurrency
  • Outline the history of cryptocurrency
  • Describe how cryptocurrency works as a payment method
  • Identify key users of cryptocurrency
  • Evaluate the risks of cryptocurrency
  • Illustrate the benefits of cryptocurrency
  • Define best practices on how to maximize cryptocurrency benefits while reducing risk
Pricing

Members: $75 USD

Non-Members: $150USD

(taxes not included)
This course was developed on 21/11/2022.
CPE Credits: 1.00
Rating
Course Length 1 hours
Course Topics
  • Recognize why authentication matters
  • Identify benefits of 3DS
  • Outline the 3DS ecosystem
  • Identify best practices of 3DS
  • Recognize global mandates and regulatory standards
Pricing

Members: $75 USD

Non-Members: $150USD

(taxes not included)
This course was developed on 24/01/2022.
CPE Credits: 1.00
Rating
Course Length 1 hours
Course Topics
  • Define First-Party Misuse
  • Recognize why First-Party Misuse is an issue that needs to be addressed
  • Identify cardholder motivations for submitting First-Party Misuse disputes
  • Differentiate types of First-Party Misuse
  • Classify evidence criteria needed to measure First-Party Misuse
  • Calculate the percentage of chargebacks coded as fraud that are the result of First-Party Misuse
  • Outline best practice strategies for merchants, issuers, and card networks to prevent first-party misuse
Pricing

Members: $75 USD

Non-Members: $150USD

(taxes not included)
This course was developed on 12/07/2022.
CPE Credits: 3.50
Rating
Course Length 4 hours
Course Topics
  • Define Fraud
  • Identify and Describe Fraud Motivations
  • Differentiate between Internal and External Fraudsters
  • Outline the Payment, Product, and Technology Ecosystem
  • Classify Vulnerable Business Components based on Fraud Risk
  • Select Fraud Prevention Methods to Avert Fraud
  • Identify Activities to Mitigate and Respond to Fraud
  • Select Fraud Best Practices
  • Identify Fraud Trends
Pricing

Members: $225 USD

Non-Members: $450USD

(taxes not included)
This course was developed on 22/02/2021.
CPE Credits: 2.50
Rating
Course Length 3 hours
Course Topics
  • Define machine learning
  • Distinguish types of models and their applications in fraud management
  • Compare and contrast the advantages and disadvantages between the traditional approach to fraud fighting and machine learning
  • Convert data into features that a model can use
  • List methods to label transactions as fraudulent or not
  • Deconstruct the components of a model
  • Identify key metrics for evaluating machine learning models
  • Examine common types of drift that can impact a model's performance
  • Define model scores
  • Differentiate between raw scores and calibrated scores
  • Explain decision thresholds
  • Summarize how thresholds can be combined with rules and manual review to make decisions
Pricing

Members: $150 USD

Non-Members: $300USD

(taxes not included)
This course was developed on 06/01/2023.
CPE Credits: 3.50
Rating
Course Length 4 hours
Course Topics
  • Recognize Payment Concepts
  • Identify Key Payments Stakeholders
  • Outline the Key Payments Processes and Ecosystem
  • Compare Payment Methods
  • Recognize Chargebacks and Interchange Fees
  • Differentiate between Payment Laws, Regulations, and Standards
  • Select Payments Best Practices
  • Identify Payment Trends
Pricing

Members: $225 USD

Non-Members: $450USD

(taxes not included)
This course was developed on 22/02/2021.

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Questions?

Do you have questions about taking an online course, earning CPE credit, or recording credits for CPFPP certification maintenance? We would be happy to assist you with any questions you may have.
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RAPID Edu Accreditation

The Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org

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RAPID Edu Refund Policy

For the RAPID Edu program self-study courses, refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course is started. Additionally, courses must be completed within one year of the course enrollment date.

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