Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses ...

One of the most difficult challenges in payment card fraud detection is extreme class imbalance. Fraudulent transactions ...

Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of "AI in Action," a ...

FIS is using AI and machine learning in new ways to speed up detection of emerging types of payment card fraud while reducing false positives. Banks rely on highly responsive fraud filters to alert ...

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