Payment Risk Management: A Layered Control Framework
· 5 min read
Payment risk is not one problem and cannot be solved by one fraud score. A payment operation can lose money through unauthorized use, disputes, integration failures, delayed settlement, regulatory breaches, or internal mistakes. These risks occur at different stages and require different owners, evidence, and controls.
A useful risk program therefore starts with a shared taxonomy and a layered decision model—not a growing collection of isolated blocking rules.
