The Fraud Practice LLC

Founded 2004

The Fraud Practice

The Fraud Practice is a privately held  US LLC based in Red Bank New Jersey. The Fraud Practice provides consulting services on eCommerce payments, fraud prevention and credit granting. Businesses throughout the world rely on The Fraud Practice to help them build and manage their fraud and risk prevention strategies.

Utilizing best practices and leveraging key partnerships, our team of industry and technical experts offer customers a single source for learning how to design, deploy, review  and integrate fraud prevention practices in their business processes and solutions.

The Fraud Practice carries a full insurance portfolio provided thru

David Montague

Innovative and in-depth.
Mr. Montague  is the founder and President of The Fraud Practice. He has spent the last fourteen years working in the eCommerce space, and is well respected for his business knowledge and thought leadership. His background includes an in-depth application of innovative solutions for preventing business to consumer e-commerce fraud. Prior to founding The Fraud Practice  he held positions as the Director of Risk Solutions at CyberSource Inc and National Principal at IBM Global Services.

Along with a Master's Degree in Information Management, Mr. Montague offers extensive knowledge in electronic payments and fraud prevention with over 10 years of consulting and product development experience specifically related to this space. He has a History of designing, developing and deploying innovative technical solutions for major e-merchants such as Google, PeopleKlick, Retail Payment’s Group and CyberSource.

Industry recognized expertise.
Mr. Montague is a published author, having written "Fraud Prevention Techniques For Credit Card Fraud", and speaks regularly about eCommerce fraud. He has been a featured speaker at such events as:  Direct Response Forum (DRF), National Retail Federation (NRF) Fraud and Loss Prevention Conference, Retail Week’s Retail Solutions Show, Retail Week’s United Kingdom Risk Management Conferences, CyberSABOTAGE Conferences, Nestor Fraud Symposiums, Microsoft Tech-Ed and a host of other seminars and workshops around the world..

Mr. Montague is an active member of the Association of Certified Fraud Examiners ACFE, Project Management Institute PMI, Coleman Research Group Executive Forum and the Society of Industry Leaders.

Sampling of Typical Engagements

• Enabling electronic payments
• Designing and enabling identity authentication and verification via the web domestically and internationally
• Preventing fraud, merchant and consumer (application, purchase,friendly and internal) Risk assessments, security of data, risk loss exposure, Compliance, OFAC, Patriot Act, European Data Protection Act...
• Conducting consumer and business credit checks globally Establishing credit management operations, and automating credit decisions Establishing risk, payment and credit business processes with minimal impact on customer experience
• Designing and implementing new financial related products and services for domestic and international markets
• Forensics, determining root cause of losses, identifying systemic and business causes for losses and establishing methods to prevent future losses. (includes actual losses as well as brand damage)

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