If you've been tasked with building a team to handle risk
management for online payments (RMP), this practical introduction
provides a framework for choosing the technologies and personnel
you need. Author and financial services executive Ohad Samet
explains the components of payments risk management, and presents a
coherent strategy and operational approach. You'll learn the
answers to questions you're likely to encounter in the first 18
months of operation, with information that Samet has shaped and
tested over several years in the industry. This book is ideal
whether you intend to be a one-person task force or work with
dozens of agents and analysts. Use both a portfolio and behavioral
approach to analyzing and optimizing losses Learn about your
customers to determine if they can and will meet obligations Build
an RMP team for payment risk operations, analytics, and decision
automation Use linking mechanisms and velocity models to detect
unusual activity among your customers Design system and data
architecture to facilitate your activity analysis Implement the
decision and loss-reduction mechanisms you need to act on your
findings
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