29 minutes | May 26, 2021

Future of Data in Payments & Fraud | Mark Walick

Welcome to Payments and More, Allyiz Show hosted by Nico Vedrenne, CEO Allyiz. Today’s guest is Mark Walick. Mark has been working in the online payments industry for over 20 years. As the head of payments product for GSI Commerce, Mark focused on enabling payments, mitigating risk and managing chargebacks for some of the most notable brands in the world. The second half of his tenure has been at Apple and Google, building world class fraud mitigation solutions and products to address the much larger issue of false declines. Born and raised on the east coast, Mark lives in sunny California In this episode, Mark shares his views on data fraud prevention and AI orchestration. He explains his position concerning outsourcing and the importance to have commitment for data sciences but also for tools and adjustments. Mark discusses the rising artificial intelligence and strategy behind tracing the dollar to see who is benefitting from the cash flow. He emphasizes his concern for this becoming a for-profit situation when it should not be. Find out more about his time at Apple and how this was a challenging transition both personally and professionally! Finally, Mark leaves the listeners with these final words: look at your data. Timestamps: 0:49 Mark introduced 1:32 Welcome Mark 3:00 Praises for Mark 3:49 Is he still learning? 4:37 Issues despite data available 6:05 Position on outsourcing 7:58 Chargeback warranty companies 10:40 Latest technology 13:50 Concern for profiting from this 16:35 Golden Minute 20:27 Acceptance optimization 25:45 When did he fail? 28:10 Look at your data Please rate this episode, share, and subscribe! Check out the full episode notes at www.allyiz.com
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