MRC Blog

How do merchants manage the increasing interconnectivity of fraud & payments?

June 08, 2021

Around 70% of merchant fraud teams also manage payments. How do teams track payment data and fraud, what percentage of transactions are sent through 3D Secure, and what does this mean for fraud detection moving forward?

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6 Ways a Payment Gateway Manager can Simplify Online Payment Acceptance for Merchants

May 27, 2021

Managing online payments is complex and cumbersome for businesses, as they need to support multiple payment instruments and integrate with multiple payment providers, including various banks, card payment providers, digital wallet providers, etc. To overcome these integration complexities, many businesses have integrated with payment service providers (PSPs) that aggregate various financial entities - banks, card payment providers, digital wallet providers, and others.

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Hacking & Security Measures for Merchants and Payment Processing Companies

May 13, 2021

it is recommended that organizations take an offensive approach to mitigate the payoff for a cybercriminal during a financially motivated fraud attack. This is accomplished by increasing the level of difficulty of infiltration, which causes the attacker to spend more time and resources to try and gain entry.

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How machine learning models can outperform rule based systems

May 06, 2021

The task of detecting fraudulent online payments is a perfect use case for applying machine learning algorithms that thrive in environments where data volume is high and the characteristics of fraudulent transactions cannot be easily detected using only a handful of features. Nonetheless, many fraud prevention systems still rely on hard-coded rules engines that consolidate the aggregate knowledge of fraud experts.

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New Whitepaper Explores How SCA Rules Will Impact Merchants

April 15, 2021

Authenticating buyers is a basic component of merchant risk management. With Strong Customer Authentication standards now in place in the European market, merchants are expected to make it more of a priority than ever before.

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Stop Stealing our Packages! Porch Piracy Increasing During the COVID-19 Pandemic

March 22, 2021

The shift toward online shopping during the COVID-19 pandemic has led to a steep increase in package theft. This growth has become a stressor for many individuals during the pandemic and the trend is not likely to decrease without a concerted effort from both merchants and consumers.

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Chargeback Fraud: From the Flagrant to the Friendly

March 08, 2021

In this blog, Pipl takes a look at some of the leading causes of chargebacks and what can be done to mitigate them.

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Social Engineering Attacks and Privilege Escalation

February 26, 2021

Since the COVID-19 pandemic hit, attacks against technological and social vulnerabilities have significantly increased and are specifically aimed at employees of financial institutions, webmail-based organizations, and payment providers.

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Refund Fraud: Why 2021 Is the Perfect Storm

February 19, 2021

If the 2008/2009 financial crisis brought our industry the term "friendly fraud" then 2021 will be bringing "refund fraud" into our fraud fighting vocabulary with a whole new potency.

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The International Nature of Identity-Data Abuse and the Importance of Cross-Border Data Coverage

February 12, 2021

From account takeovers to new account fraud to synthetic identities, the vectors of identity-data abuse are becoming all too familiar, yet the manner in which they operate is often misunderstood.

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