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MRC Online Courses

Tokenization Essentials

Person making a contactless payment with a credit card over a laptop, symbolizing digital transactions. Text overlay reads: ‘Advanced Tactics for Transaction Optimization. Created in Partnership with Checkout.com.’ The Checkout.com logo appears below the text.

Step into the world of digital security with our Tokenization Essentials course, designed for those in the eCommerce industry. This self-paced, beginner-level program demystifies tokenization, a pivotal technology in secure online transactions. You'll learn the basics of tokenization, including its advantages over traditional encryption methods. The course covers both network tokens and PCI tokens and explores in-house and third-party tokenization approaches.

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

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Understand the various types of third-party token providers, the utility of different token formats, and the unique benefits of network tokenization. This course is crucial for anyone in eCommerce seeking to navigate the payment security landscape and select the most effective tokenization solution for their business.


FAQs

    • Fraud prevention analysts will learn to use enhanced BIN data to improve fraud detection and prevent fraudulent transactions.
    • Payment professionals will discover strategies for optimizing transaction routing and reducing costs with BIN data.
    • Data analysts will gain insights into incorporating BIN data for better customer behavior and transaction analysis.
    • IT and security professionals will learn to integrate BIN data into payment systems to enhance security and transaction flow.
    • Compliance officers will understand BIN data’s role in regulatory compliance and cost management.
    • E-commerce and retail business owners will benefit from using BIN data to personalize payment options and improve efficiency.


    • Fraud prevention specialists  seeking more advanced knowledge and tools to enhance their capabilities by developing and implementing strategies to detect and prevent fraudulent activities within their organizations.
    • eCommerce managers seeking to understand the robust systems that protect revenues and maintain customer trust.
    • Payment professionals who manage payment systems, gateways, and transaction processes are looking to understand the nuances of refund fraud and how it can be mitigated, ensuring secure and efficient payment operations.
    • Customer service managers seeking to learn more about the indicators of fraudulent return and refund requests to train their teams effectively and reduce fraudulent losses.
    • IT and cybersecurity professionals seeking to learn about the latest technologies and methodologies for detecting and preventing digital fraud.
    • This course may also benefit retail operations directors and security and compliance officers.

    • Define refund fraud and refund abuse
    • Identify the impacts of refund fraud in eCommerce
    • Identify the common profiles of bad actors who commit refund fraud and abuse
    • Identify and describe methods of refund fraud
    • Define behavioral analysis
    • Identify data points that can be used to indicate refund fraud
    • Analyze how data analytics and machine learning tools can be used to identify and stop refund fraud
    • Strengthen return and refund policies
    • Define real-time verification and decision-making strategies
    • Understand the importance of employee training and alert lines
    • Identify industry groups and associations to enhance fraud prevention capabilities

    Please allow 1-2 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.



    • Define refund fraud and refund abuse
    • Identify the impacts of refund fraud in eCommerce
    • Identify the common profiles of bad actors who commit refund fraud and abuse
    • Identify and describe methods of refund fraud
    • Define behavioral analysis
    • Identify data points that can be used to indicate refund fraud
    • Analyze how data analytics and machine learning tools can be used to identify and stop refund fraud
    • Strengthen return and refund policies
    • Define real-time verification and decision-making strategies
    • Understand the importance of employee training and alert lines
    • Identify industry groups and associations to enhance fraud prevention capabilities

    Please allow 1-2 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.



    • Program Level: Basic
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self Study
    • CPE Credits: 1.4
    • Advanced Preparation and/or Pre-requisites: Payment Essentials recommended.

    • Program Level: Basic
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self Study
    • CPE Credits: 1.4
    • Advanced Preparation and/or Pre-requisites: Payment Essentials recommended.

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

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