Payment Horror Stories: The How and Why Behind the Most Vicious Attacks on Your Payment Stack With Jeremy Waxman
In this episode of Growth Stage, we interview payments industry legend and VP of Payments at FastSpring, Jeremy Waxman about his thoughts on what the most common payment stack attacks are, why bad actors choose those particular types of attacks, and what you can do to make your payment stack more secure regardless of who your payment provider is.
With 25+ years of experience spanning Comcast, Fiserv, and Digital River, Jeremy has seen it all — from brazen carding attacks to operationally overwhelming waves of chargebacks. In this discussion, he breaks down how fraudsters operate, the costly mistakes companies make, and what you can do to stay ahead.
Listen for the full insights into:
- Why carding and account takeover attacks remain the most common (and expensive) threats to payment systems.
- How overlooking small data anomalies — like approval rates by BIN — can cost companies hundreds of thousands in decline fees.
- Why payment fraud isn’t just about fines, but also reputational risk, operational overload, and long-term damage to approval rates.
This podcast is brought to you by FastSpring. As the leading merchant of record payment platform for digital products, FastSpring delivers an all-in-one solution for payments, subscriptions, and automated tax compliance — enabling digital businesses to expand globally with reduced complexity and lower costs.
