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MRC Online Courses

Enhanced BIN Data for Payment Professionals

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In the fast-paced world of digital payments, optimizing transaction processing, managing costs, and enhancing fraud prevention are critical to business success. At the core of these processes lies a powerful tool—Bank Identification Numbers (BINs). The Enhanced BIN Data for Payment Professionals course offers payment professionals a deep dive into both standard and enhanced BIN data, equipping them with the knowledge to leverage this crucial data for optimizing payment workflows, minimizing costs, and bolstering fraud detection strategies.

 

MRC Members: USD $75 (plus applicable taxes)
Non-members: USD $150 (plus applicable taxes)

 


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Participants will explore the evolution of BINs, understand their role in payment processing, and learn how enhanced BIN data provides granular insights that standard data cannot. By the end of the course, professionals will be able to use enhanced BIN data for strategic transaction routing, cost management, customer segmentation, and more.


FAQs

    • Fraud Analysts will gain insights to assess risks, reduce false positives, and identify coordinated fraud attempts using geolocation data.
    • Payment Security Specialists will learn to safeguard payment systems against unauthorized activities like card-not-present fraud and account takeovers.
    • eCommerce Fraud Managers will enhance fraud detection during transactions, disputes, and account sharing with practical geolocation applications.
    • Chargeback Specialists will use geolocation data to strengthen compelling evidence reports and effectively fight false claims.
    • Fraud Analysts will gain insights to assess risks, reduce false positives, and identify coordinated fraud attempts using geolocation data.
    • Payment Security Specialists will learn to safeguard payment systems against unauthorized activities like card-not-present fraud and account takeovers.
    • eCommerce Fraud Managers will enhance fraud detection during transactions, disputes, and account sharing with practical geolocation applications.
    • Chargeback Specialists will use geolocation data to strengthen compelling evidence reports and effectively fight false claims.
    • Program Level: Intermediate
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self-Study
    • CPE Credits: 2.0
    • Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended.
    • Program Level: Intermediate
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self-Study
    • CPE Credits: 2.0
    • Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended.
    • Identify what is typically stolen from customers
    • Identify where fraudsters can steal customer information
    • Describe how fraudsters utilize online ads to attack companies
    • Identify the techniques fraudsters use to steal from others
    • Describe how fraudsters utilize websites and apps to steal data
    • Identify and describe how fraudsters attack online accounts to steal information
    • Explain the digital attack process utilized by fraudsters
    • Describe the purpose of each step in the attack process
    • Describe the digital attack lifecycle during an account takeover, scraping, and supply chain attack
    • Explain how fraud attacks negatively impact merchants
    • Understand the steps to prevent online fraud
    • Explain the techniques organizations use to fight against online fraud

    Please allow 2-3 hours to complete this course. The course culminates with a comprehensive final assessment to evaluate the user's comprehension of the material. Upon successfully completing the final assessment, participants will be awarded a certificate of completion representing their proficiency in the subject matter.


    • Identify what is typically stolen from customers
    • Identify where fraudsters can steal customer information
    • Describe how fraudsters utilize online ads to attack companies
    • Identify the techniques fraudsters use to steal from others
    • Describe how fraudsters utilize websites and apps to steal data
    • Identify and describe how fraudsters attack online accounts to steal information
    • Explain the digital attack process utilized by fraudsters
    • Describe the purpose of each step in the attack process
    • Describe the digital attack lifecycle during an account takeover, scraping, and supply chain attack
    • Explain how fraud attacks negatively impact merchants
    • Understand the steps to prevent online fraud
    • Explain the techniques organizations use to fight against online fraud

    Please allow 2-3 hours to complete this course. The course culminates with a comprehensive final assessment to evaluate the user's comprehension of the material. Upon successfully completing the final assessment, participants will be awarded a certificate of completion representing their proficiency in the subject matter.


    • MRC Members: USD $75 (plus applicable taxes)
    • Non-members: USD $150 (plus applicable taxes)

MRC Education 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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MRC Education Refund Policy

MRC Education eLearning course 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.