40 min listen
Walmart Publishes Fraud Strategies for Wire Transfers - What Can be Learned?
Walmart Publishes Fraud Strategies for Wire Transfers - What Can be Learned?
ratings:
Length:
43 minutes
Released:
Jul 14, 2022
Format:
Podcast episode
Description
Fraudology is presented by SEON.In light of a controversial lawsuit filed by the US Federal Trade Commission (FTC) against Walmart, the large US retailer published a 9-page press release that included details about their efforts to prevent fraud targeting their wire transfer services. It is rare for any company to publish their fraud prevention strategies & practices publicly, providing a blueprint for a multi-layered approach to protecting customers, and the bottom line of a company.Why was the lawsuit filed? What lessons can other companies learn from this to prevent it from happening to them?What lessons can be learned from the various fraud prevention methods published by Walmart? (Even for companies that don't provide wire transfers)How can merchants use this news to communicate the value of fraud prevention to their leadership & cross-functional departments (including communications & PR)?Articles referenced/read from:https://www.ftc.gov/news-events/news/press-releases/2022/06/ftc-sues-walmart-facilitating-money-transfer-fraud-fleeced-customers-out-hundreds-millionshttps://corporate.walmart.com/newsroom/2022/06/28/ftc-lawsuit-against-walmart-is-unfounded-and-ignores-the-billions-walmart-has-saved-customersFraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast semi weekly, on Tuesdays and Thursdays.
Released:
Jul 14, 2022
Format:
Podcast episode
Titles in the series (100)
The Fundamentals of Fraud & Chargebacks w/Karisse Hendrick by Fraudology Podcast with Karisse Hendrick