Fraud & Compliance for Virtual Cards

Training Program for Risk, Treasury, Support, Compliance & Engineering Teams

Course Objective

Equip internal teams with a deep, practical understanding of:

How card-based fraud occurs in real-world scenarios

How to detect and respond to fraud patterns using your systems and APIs

How to protect float, reduce loss, and uphold scheme and regulatory compliance

How to maintain auditability and integrity across all user and merchant flows

Module Structure

module	title	summary
1	Introduction to Virtual Card Fraud	Overview of fraud categories, motivations, and risk profiles specific to virtual cards
2	Card Lifecycle and Attack Surface	Where fraud is most likely across the create → spend → refund → close cycle
3	Real-World Fraud Cases (Deep Dive)	Walkthroughs of actual fraud scenarios with step-by-step forensic analysis
4	MCC & BIN-Based Threats	How Merchant Category Codes and BINs are abused; how to protect your issuing stack
5	Refund, Reversal, and Chargeback Abuse	Specific workflows for identifying refund fraud, reversal cycles, and dispute fraud
6	Transaction Pattern Detection	Velocity limits, float laundering graphs, refund/top-up correlation, device IP analysis
7	Designing Controls & Prevention Systems	Building intelligent defenses using webhook data, card state, and velocity rules
8	Audit Logging, Investigation, and Reporting	How to structure fraud reviews, incident logs, and inter-team escalations
9	ARegulatory Compliance & Scheme Alignment	PCI-DSS, scheme rules, float separation, PAN / CVV handling, audit trails
10	Capstone Simulation + Quiz	Interactive real-world simulation, multiple-choice assessment, and response templates

Capstone Assessment

Each participant will walk through a real case simulation (e.g. refund laundering), make decisions, document investigation steps, and generate a formal Fraud Incident Report using provided templates.

Who Should Take This Training?

Treasury and finance ops

Risk and fraud analysts

Product managers in card infrastructure

Support leads for card systems

Backend and API reliability engineers

Compliance officers