Report

How to Create a Payment Fraud Detection Strategy at the Organizational Level by Gartner

Learn the secret to preventing payment fraud and how to lead a cross-functional fraud detection effort.

How to Create a Payment Fraud Detection Strategy at the Organizational Level by Gartner

What the report covers:

The threat of payment fraud isn’t going anywhere anytime soon, and companies who choose to ignore it are putting themselves and their customers at risk.

However, there is a common barrier to businesses developing effective fraud detection strategies. As the Gartner report How to Create a Payment Fraud Detection Strategy at the Organizational Level explains, “There is significant variance across digital commerce businesses and financial institutions around which teams are responsible for fraud detection, leading to a siloed rather than holistic approach.” 1

In addition to outlining exactly how fraud leaders should guide internal stakeholders towards a shared philosophy for fighting fraud, Gartner offers four key elements for deploying a fraud strategy that evolve with organizational needs. These elements, all which Corcentric can provide, are:

  1. Automation
  2. Scalability
  3. Accountability
  4. Evolution

For more insight on how to outsmart payment fraud, download the report and learn how Corcentric can help.

1. Gartner, How to Create a Payment Fraud Detection Strategy at the Organizational Level, 2020, Akif Khan, 21 January 2020
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