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How Effective is AI-Powered Fraud Detection in Combatting Payment Fraud?

How Effective is AI-Powered Fraud Detection in Combatting Payment Fraud?


Cryptopolitan
2024-03-20 02:53:36

In the ongoing battle against fraud in payment networks, the integration of data analytics and artificial intelligence (AI) has emerged as a pivotal strategy. Termed as “AI-Powered Fraud Detection,” this technological advancement has enabled payment providers to proactively tackle first-party fraud instances, where consumers dispute legitimate charges. Amidst this evolving landscape, major players like Mastercard


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