RAPID Edu

One of the goals of the Merchant Risk Council is to serve as an educational resource for payments and fraud prevention professionals of all levels. Our programs like RAPID Edu help make that possible.

RAPID Edu is the MRC's proprietary, on-demand educational platform, designed to introduce users to the fundamentals of the payments and fraud prevention industry. These online programs allow professionals to learn at their convenience, complete with program materials, knowledge tests, and an accredited certificate upon completion.

RAPID Edu is ideal for:

Professionals who wish to revisit the fundamentals of payments and fraud prevention
Individuals looking to enhance their professional credentials
Managers looking for industry-specific training materials
Anyone interested in exploring a career in this dynamic industry

RAPID Edu courses are accredited with the Continuing Professional Education (CPE) credit standard. This accreditation allows professionals to acquire specialized knowledge in fraud and payments as well as maintain their certification with RAPID Edu courses. CPE credits may be applied to a variety of professional certifications, including Certified Fraud Examiners (CFEs), Certified Information Security Managers (CISMs), and others.*

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MRC RAPID Edu Courses

The MRC currently offers the following RAPID Edu courses:

Course	Course Topics	Course Length	Pricing (taxes not included in the pricing below)
All-Access Pass CPE Credits: Est. 18+ LEARN MORE	One year of access to the entire eLearning course catalog Immediate access to all new courses as they get added (six additional courses to launch by summer 2023) Minimum guaranteed value of US$1,350 and increasing with every new course added	Access the entire course catalog at your own pace	Members: US$1,000 Non-Members: US$2,000
Machine Learning for Fraud Prevention CPE Credits: 2.6 Launching in 2023 PRE-ORDER TODAY	Define machine learning (ML) for fraud detection Categorize types of data used for predicting fraud Illustrate how raw data is transformed for ML use Outline the ML model training process and how different outcomes are labeled Understand model deployment, performance monitoring, accuracy, and drift Analyze model scores to make fraud prevention decisions	~2.5 - 3.5 hours	Members: US$150 Non-Members: US$300
Cryptocurrency Essentials CPE Credits: 1 Launching in 2023 PRE-ORDER TODAY	Define cryptocurrency and outline its history Describe how cryptocurrency works as a payment method Identify key users of cryptocurrency Illustrate the benefits and risks of cryptocurrency Define best practices for maximizing crypto benefits while reducing risk	~1 - 1.5 hours	Members: US$75 Non-Members: US$150
Chargeback Essentials CPE Credits: 1.4 LEARN MORE	Introduction to chargebacks Resolving chargebacks Chargebacks and payment card schemes Introduction to chargeback metrics and solutions Preventing chargebacks	~1.5 - 2 hours	Members: US$75 Non-Members: US$150
Fraud Essentials CPE Credits: 3.5 LEARN MORE	Impact of eCommerce fraud across the ecosystem Account, transaction, and digital footprint data Common fraud patterns Key performance indicators and fraud mitigation best practices	~4 - 5 hours	Members: US$225 Non-Members: US$450
Payment Essentials CPE Credits: 3.5 LEARN MORE	Card-based payments and processing The banking industry, bank payments, and regulations Wallets and mobile wallets Non-card payments	~4 - 5 hours	Members: US$225 Non-Members: US$450
EMV 3DS Authentication Essentials CPE Credits: 1 LEARN MORE	Recognize why authentication matters Identify the benefits and best practices of 3DS Outline the 3DS ecosystem (how 3DS works, stakeholders, relevant technologies, etc.) Recognize and understand global mandates and regulatory standards	~1 - 1.5 hours	Members: US$75 Non-Members: US$150
Buy Now, Pay Later Essentials Credits: 1.4 LEARN MORE	Define BNPL Identify BNPL target audience Recognize the BNPL customer journey Identify the potential risk of BNPL for merchants and consumers Recognize the current and future regulatory landscape List best practices for implementing BNPL	~ 1.5 – 2 hours	Members: US$75 Non-Members: US$150
First-Party Misuse Essentials CPE Credits: 1 LEARN MORE	Define First-Party Misuse (also referred to as friendly fraud) Outline the market Identify the size and growth of first-party misuse Recognize and understand consumer protections and regulations Understand how to identify and measure first-party misuse List best practices for managing first-party misuse	~1 – 1.5 hours	Members: US$75 Non-Members: US$150

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RAPID Edu Refund Policy

For the Rapid EDU Program (self-study), refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase.

*RAPID Edu Accreditation

The Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org

Questions?

If you have any questions about MRC RAPID Edu, please contact the MRC by filling out the MRC Contact Us form and selecting the RAPID Edu radio button.