RAPID Edu eLearning Courses
Enroll in a Course
Get a Full Year Access to Our Entire 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. Subscribe Now!
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
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.
Subscribe Now
eLearning Course Catalog
The MRC currently offers the following RAPID Edu courses:
CPE Credits: 1.40
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
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
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
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
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
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
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: TBD
Course Length
TBD
Course Topics
- Define open banking
- Identify types of data access methods and their key differences
- Differentiate between a regulatory vs market driven approach
- Outline global trends in open banking
- Understand regulations in the US
- Illustrate the open banking payment flow
- Describe the benefits of open banking for both consumers and merchants
Pricing
Members: $75 USD
Non-Members: $150USD
(taxes not included)
This course was developed on 27/02/2023.
CPE Credits: 3.50
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.
CPE Credits: TBD
Course Length
TBD
Course Topics
- Define the four main impacts that chargebacks have on merchants
- Identify risk factors that can increase a merchant's chargeback rate
- Examine how these risk factors contribute to chargebacks in high-risk industries
- Distinguish common tools used by merchants to prevent chargebacks
- Categorize types of chargebacks
- Determine which factors to consider when deciding whether to fight or accept a chargeback
- Examine types of evidence that can be included in a chargeback representment
- Outline how to prevent and fight the following types of chargebacks:
- Fraud
- Cancelled Recurring
- Cancelled Merchandise/Services
- Declined Authorization
- Merchandise/Service Not Provided
Pricing
Members: $150 USD
Non-Members: $300USD
(taxes not included)
This course was developed on 14/03/2023.
CPE Credits: TBD
Course Length
TBD
Course Topics
- Define tokenization
- Understand the benefits of tokenization
- Describe how tokenization differs from encryption
- Differentiate between network and PCI tokens
- Differentiate between in-house and third-party tokenization
- Describe types of third-party token providers
- Understand Apple Pay and Google Pay tokenization
- Detail the utility of differing token formats
- Describe the features of network tokenization
- Detail the benefits of network tokenization
- Describe network token lifecycle management
- Understand network tokenization requirements
- Differentiate between network tokens and authenticated tokens
- Detail how tokens move through the payments ecosystem
Pricing
Members: $75 USD
Non-Members: $150USD
(taxes not included)
This course was developed on 27/02/2023.
Interested in Sponsoring a Course?
Partner with the MRC on educational content development to increase brand visibility, showcase your organization’s unique expertise and insights on a topic, and reach a global audience.
Interested? Get in Touch
Visibility
Showcase your company’s insights and expertise on a topic for significant positive visibility for your brand.
Access
Reach your target audience and present the value of your business during the pivotal research process, when they are most likely to be open to new partnerships.
Engagement
Receive course coupons to share with your customers and prospects and use the course as your lead generation tool, reaching and engaging a global audience.
I took the First-Party Misuse Essentials course. The course was very helpful in order to get a solid knowledge of this type of fraud that is affecting so many merchants. Highly recommended!
LinkedIn
This [Chargeback Essentials] course is perfect for anyone new to the chargeback process; each module is clear and easy to understand. I highly recommend this course for beginners and as a refresher course for seasoned employees.
TJX companies
I would definitely recommend these MRC Rapid Edu courses to both seasoned professionals and those who want to revisit the actual trends across the anti-fraud industry and payment risk-related concepts. This knowledge-sharing exercise was really helpful and delivered in a well-structured way.
Nethone
After I started with Riverty, one of my first tasks was to go through the Payments, Fraud, and Chargeback courses of the MRC. That led to valuable insights and immediately helped me understand ongoing discussions amongst our experts way better.
Riverty
I would highly recommend taking the courses offered by the MRC RAPID Edu. I’ve been in my role for over a year now and it was a great resource to reaffirm my knowledge. I also found it filled in some gaps that I wasn’t aware of. Anyone making a start in the industry should definitely give them a go.
Nintendo
Continuing Education for You and Your Team
RAPID Edu eLearning courses are accredited with the Continuing Professional Education (CPE) credit standard.* This accreditation allows professionals to acquire specialized knowledge in fraud and payments, demonstrate their commitment to continuing knowledge growth, and maintain their certifications, such as MRC’s Certified Payments and Fraud Professional Certification (CPFPP).
UPCOMING AND ON-DEMAND WEBINARS at your fingertips!
Attend our free webinars hosted by experts covering industry hot topics, best practices, and special interests. Sign Up Today
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.
Let's Talk
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
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.