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