How a Custom Business Logic and AI Can Prevent Payment Fraud
Fraud has been glamorized in the many blockbuster movies and series available today. However, the stories of con artists and their complicated, high-action crimes are inspired by a troubling reality.Though ideal for use cases, for machine learning and artificial intelligence (AI), fraud is still creating negative waves throughout all commerce industries. This constant and underlying danger for commercial businesses can cost millions of dollars in processing scams, as well as causing inconvenience for customers and significant damage a company’s reputation.Present-day FraudComputers have been attached to external networks for a long time, and since then, businesses have sought after effective fraud solutions. Each attack is identified, and a solution is integrated to stop i...
