Digital Fraud
Rare Carat Uses AI to Polish Off Credit Card Fraud
Diamonds are a fraudster’s best friend, where credit card fraud for those purchases accounts for more than $27 billion in annual losses. In this month’s “Digital Fraud Tracker®,” done in collaboration with and supported by PayPal, PYMNTS talks with Apeksha Kothari, chief operating officer of diamond ring eTailer Rare Carat, about how it stops credit card fraud from taking the shine out of online diamond purchases.
Inside the February/March Tracker
- An interview with Apeksha Kothari, chief operating officer of diamond ring eTailer Rare Carat, on why it is necessary to pair AI and machine learning with human analysis to effectively combat eCommerce fraud
- The latest digital fraud developments, including why eCommerce fraud is severely underreported and how up to 70% of eCommerce checkout traffic is generated by malicious bots
- A Deep Dive analyzing the fraud threats facing eCommerce marketplaces and the challenges they face in trying to prevent them
