fraud detection

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...

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FTC Bars Chargebacks911 From Using Deceptive Practices
FTC Bars Chargebacks911 From Using Deceptive Practices
November 07, 2023  |  Legal & Regulation

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...

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Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Cybersecurity

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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Companies and Regulators Scramble to Counter the Threat of AI Deception
Companies and Regulators Scramble to Counter the Threat of AI Deception
August 25, 2023  |  Artificial Intelligence

How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that...

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Reusable IDs and AI Help Merchants Beat Back the Fraudsters
Reusable IDs and AI Help Merchants Beat Back the Fraudsters
June 21, 2023  |  Cybersecurity

The fraudsters are racking up the gains, seeking, as they always do, to exploit vulnerabilities in card-not-present transactions. And now, they’re harnessing artificial intelligence (AI)...

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Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
June 20, 2023  |  Cybersecurity

Jack Henry has launched a real-time, artificial intelligence (AI)-based fraud mitigation feature. The new Payrailz Fraud Monitor, which joins the FinTech company’s Payrailz Digital Payments Platform,...

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Generative AI Reshaping Countless Everyday Consumer Touchpoints
Generative AI Reshaping Countless Everyday Consumer Touchpoints
May 21, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI) isn’t coming. It’s already here. At this very moment, the technology’s capabilities are already enacting sweeping changes across the ways in...

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ThreatFabric Raises $12.5 Million to Grow Fraud Detection Solution
ThreatFabric Raises $12.5 Million to Grow Fraud Detection Solution
May 11, 2023  |  Investments

ThreatFabric has raised 11.5 million euros (about $12.5 million) to grow its fraud detection solution. The Amsterdam-based startup aims to expand internationally and add artificial...

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UK Finance: How Far Can AI Go in Fighting Fraud?
UK Finance: How Far Can AI Go in Fighting Fraud?
March 16, 2023  |  Cybersecurity

Much has been said about the potential new technologies like artificial intelligence (AI) and machine learning have in transforming fraud detection and fraud prevention across...

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