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Payments Risk Management

Fraud schemes exploit weak controls.

Every participant in the payments system has risk exposure and risk management responsibilities. Payment risk comes in many forms, each requiring specific controls and compliance.

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    Business risk: automation, people, and vendors

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    Settlement risk: timing, credit, and currency

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    Legal risk: regulatory, rules, and contract

    We can help you understand which risks are relevant to you and what controls you should have in place to help mitigate those risks.

    See our Risk Typology and our Payment Risk Management Maturity Model below.

    Strong risk management requires constant vigilance.

    Risk management and fraud mitigation require cross-functional planning and execution. Let us help.

    Payments Consulting

    We apply decades of experience and rigorous, tested methodologies to help address your payments risks and assess the strength of your controls.

    Recent engagements include:

    • We worked with an ecommerce merchant to identify and mitigate the cause of a persistent uptick in fraud that had placed them on a network dispute management program.
    • We used our Payments Risk Management (PRM) Maturity Model and Risk Typology to help a global merchant develop a comprehensive control plan to increase lead generation and manage payment risks in the short and long term.
    • We conducted consumer research in Ghana, Uganda, and India to understand end user experiences with fraud in real-time payments.
    Payments Consulting - Learn More

    Payments Boot CampTM workshops

    The payments industry is evolving at an unprecedented pace. With new technologies, regulations, and products, successfully managing risk in this innovative era is challenging. Whether you are implementing new forms of payment, making decisions about vendors and technology, or creating new payments products, our education programs can introduce you to risk fundamentals and provide you with the key concepts required to make sense of a rapidly changing landscape.

    Payments Boot Camp™ workshops - Learn More

    The GlenbrookTM  Team’s Risk Frameworks

    Glenbrook’s Payment Risk Management (PRM) Maturity Model

    We use a simple framework that we call our Payments Risk Typology, to identify a client’s specific risks. All payment risks can be mapped to one of the categories in the taxonomy.

    A company’s ability to manage payment risks can be measured using a simple PRM maturity model. When assessing a client’s controls, we use our PRM maturity model. The model is similar to Enterprise Risk Management (ERM) and Information Technology and Cybersecurity maturity models.

    Recent Engagements

    A merchant stops fraud 

    The client asked Glenbrook to identify the gaps in their control environment that allowed an uptick in chargeback activity to continue.

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    A global marketplace enhances and tunes an automated fraud screening system

    To create a more robust risk mitigation program, a multi-national marketplace engaged Glenbrook to assess its risk environment and existing controls to identify areas for potential improvement. We then led a comprehensive RFP process for online fraud detection and KYC providers. The final deliverable was an actionable set of recommendations to improve their operational and technical control capabilities to enable them to scale their business.

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    Launch, improve & grow your payments business

    Talk to the Payments Experts