This chapter describes the business process flows of several industries (banking, property/casualty insurance, and tax revenue), where payment fraud is a significant problem. This chapter shows how to modify these processes to incorporate new technological advancements that help you move from a post-payment to pre-payment fraud detection architecture.
Subsequent chapters describe a solution that is specific to the banking industry. These methods and tactics can be easily extrapolated to other industries.
This chapter covers the following ...