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Chainalysis Acquires AI Fraud Detection Firm Alterya

Fintech News

Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. Fraud detection faces new challenges with advanced technologies like generative AI enabling more complex scams.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments. Cybercriminals often target international transactions due to the complex nature of fraud detection across regions. The last thing you want is to disrupt your operations by switching payment systems mid-expansion.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

Privacy 88
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What is a Merchant Account and Does Your Business Need One?

EBizCharge

A fundamental element that every business leader should be well-versed in is the merchant account — a critical service that facilitates electronic payments. What is a merchant account? Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume.

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What Are AI Agents? A Practical Guide for Accounting Teams

FloQast

In an industry facing an extreme talent shortage, combined with rapidly evolving technology, Artificial Intelligence (AI) agents should be a top priority for all accounting departments to evaluate this year. Use Cases of AI Agents AI in accounting is not new, although there have been significant advancements in recent years.

AI 52
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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

Together, software, banking and retail account for 38% of the global AI spend. This broad applicability in banking (from automating fraud reviews to generating customer communications) underscores how financial firms are integrating GenAI into their core workflows more aggressively than most.

AI 114
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How AI and Real-Time Data Are Changing Merchant Payment Processing

Clearly Payments

According to a 2024 Juniper Research report, AI-driven fraud detection could save merchants over $40 billion annually by minimizing chargebacks and false declines. Fraud Detection: AI analyzes transaction patterns and customer behavior instantly, flagging suspicious activity before it impacts your revenue.