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 one trillion data points to predict whether a transaction is likely to be genuine or not,” per a Thursday (Feb....
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 fraud as the cause of failed payments. This heightens the risk of lost sales and signifies a missed opportunity for...
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 was designed to detect voice clones and audio deepfakes and prevent fraud and crime. “Just as deepfakes have made it harder to...
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 and banks, the companies announced Monday (Dec. 4). This collaboration aims to address the increasing incidents of fraud in the...
January 11, 2024
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 fraud as the cause of failed payments. This heightens the risk of lost sales and signifies a missed opportunity for improving payment success rates. Securely processing transactions is growing increasingly […]
March 16, 2023
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 industries. But according to UK...
March 04, 2020
Time is money, as the old saying goes, and that idea applies to few places more keenly than commerce. The presence or absence of speed, particularly around transactions themselves, can...
March 02, 2020
Healthcare in the U.S. is a massive industry. According to the Centers for Medicare and Medicaid, $3.5 trillion — or roughly $11,000 per person — was spent in the U.S....
February 01, 2024
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 one trillion data points to predict whether a transaction is likely to be genuine or not,” per a Thursday (Feb. 1) press release. The tool, dubbed Decision Intelligence Pro, examines […]
January 09, 2024
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 was designed to detect voice...
December 04, 2023
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 and banks, the companies announced...
November 07, 2023
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 and its owners from working...
