Fraud is a fast-moving concern in the contemporary payments space. Financial institutions must move fast to keep pace.
How have threats like authorization fraud and card testing changed in recent years? What about the substantial impact that these two threats pose for financial institutions and their merchant customers going forward? We address these questions, and consider some potential solutions to these challenges, in the latest episode of Fintalk, our ongoing live podcast series featuring conversations with industry trailblazers, trendsetters, and respected corporate leaders.
In this week’s episode, Harlan Hutson (Director of Strategic Partnerships, Fi911) spoke with Scott McLaughlin (VP of Integrated Payments, KeyBank) and Will Blay (Sr. Program Manager, Microsoft). Our hosts discussed a wide variety of topics over the course of their fascinating conversation, including:
- Authorization fraud and card testing challenges facing FIs and their customers
- Exploring how to implement tools for authorization fraud prevention
- How merchants can better monitor their network to stop attacks before they happen
- Why implementing pre-chargeback refund tools will reduce chargeback counts
…and much more. Check out their full conversation below: