Vendor Selection and RFP Fundamentals

• Procurement professionals seeking a structured, repeatable framework for managing vendor evaluations and RFP projects
• Fraud and risk managers responsible for selecting fraud detection platforms, authentication tools, or chargeback management solutions
• Operations and IT leaders involved in vendor integration, technical requirements gathering, or implementation planning
• Finance and legal stakeholders who contribute to cost evaluation, contract review, and compliance oversight during procurement processes
• Business leaders looking to understand how structured vendor selection supports transparency, accountability, and long-term business value

• Describe when and why organizations use RFPs to support structured vendor selection for fraud prevention solutions
• Identify the key phases of the RFP lifecycle, from planning and drafting to evaluation, negotiation, and onboarding
• Recognize the roles and responsibilities of stakeholders across fraud prevention, procurement, IT, operations, finance, and legal teams
• Define business, technical, operational, reporting, and compliance requirements for fraud prevention solutions
• Develop RFP requirements that align with organizational goals and fraud prevention needs
• Apply objective evaluation and scoring methodologies to compare vendor proposals fairly and consistently
• Assess vendor capabilities, implementation considerations, and long-term business fit
• Navigate vendor communications, negotiations, and documentation throughout the selection process
• Understand the factors involved in transitioning from vendor selection to contracting, onboarding, and implementation
• Support a transparent, defensible, and successful vendor selection process

Please allow approximately _ hours to complete this course. The course culminates with a final assessment designed to evaluate the learner's understanding of the material. Upon successful completion, participants will receive a certificate of completion recognizing their proficiency in vendor selection and RFP management for fraud prevention solutions.

• Program Level: Beginner
• Program Field of Study: Specialized Knowledge
• Program Delivery Method: QAS Self Study
• CPE Credits:1.5
• Advanced Preparation and/or Pre-requisites: None required

Refund Policy: Refunds and cancellations are determined on a case-by-case basis. Cancellations must be communicated in writing to programs@merchantriskcouncil.org. No refunds will be issued once a course has been started.