fraud detection

Visa Launches AI-Powered Real-Time Fraud Detection Service in UK
Visa Launches AI-Powered Real-Time Fraud Detection Service in UK
May 30, 2024  |  VISA

Visa has launched an artificial intelligence (AI)-powered real-time fraud detection service in the United Kingdom, aiming to prevent account-to-account (A2A) fraud. The company is making...

READ MORE >
Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
May 22, 2024  |  Fraud Prevention

Mastercard says it is using generative AI to more quickly detect compromised credit cards. “Until now fraudsters may have thought they were operating in obscurity, seeking to...

READ MORE >
SandboxAQ Puts a Quantum Twist on AI Technology
SandboxAQ Puts a Quantum Twist on AI Technology
February 13, 2024  |  artificial intelligence

Just when you thought you had a handle on artificial intelligence (AI), here comes a twist on the technology. Because AI is being merged with...

READ MORE >
Mastercard Says New AI Model Ups Fraud Detection by 20%
Mastercard Says New AI Model Ups Fraud Detection by 20%
February 01, 2024  |  artificial intelligence

Mastercard has introduced a generative artificial intelligence (AI) solution to help prevent fraudulent transactions. The company has upgraded its Decision Intelligence solution to let it “scan an unprecedented...

READ MORE >
Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
January 11, 2024  |  Fraud Prevention

Many eCommerce merchants fail to connect the dots between fraud detection and failed payments. In fact, just one-third of merchants employ mechanisms that detect potential...

READ MORE >
ID R&D Unveils AI Tool to Spot Voice Deepfakes
ID R&D Unveils AI Tool to Spot Voice Deepfakes
January 09, 2024  |  artificial intelligence

ID R&D has introduced a voice clone detection tool to combat AI-driven fraud. The voice biometrics company announced the new offering Tuesday (Jan. 9), saying it...

READ MORE >
Treasury Prime and Effectiv Team on Fraud Detection for Companies and Banks
Treasury Prime and Effectiv Team on Fraud Detection for Companies and Banks
December 04, 2023  |  Security & Fraud

Treasury Prime, an embedded banking software company, has joined forces with Effectiv, a fraud and risk management platform, to bring advanced fraud detection capabilities to enterprises...

READ MORE >
AI Can Predict the Weather, What About Financial Forecasts?
AI Can Predict the Weather, What About Financial Forecasts?
November 15, 2023  |  artificial intelligence

Artificial intelligence (AI) transforms how work is organized, allowing organizations to process insights at scale.  Its far-flung applications and everything, everywhere, all-at-once capabilities, that when...

READ MORE >
FTC Bars Chargebacks911 From Using Deceptive Practices
FTC Bars Chargebacks911 From Using Deceptive Practices
November 07, 2023  |  Legal

The Federal Trade Commission (FTC) and “chargeback mitigation” company Chargebacks911 have reached a settlement to prevent the company from engaging in deceptive practices. The settlement also prohibits the company...

READ MORE >