Assessments Fraud Detection Volume 
Clearly Payments
NOVEMBER 13, 2024
This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.
The Payments Association
MAY 16, 2025
Unfortunately, older fraud detection methods often cant keep up with todays fast-moving threats. With tools like machine learning, deep learning, natural language processing and large language models, AI can analyse huge volumes of data in real time helping to make faster, more accurate decisions.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Stax
DECEMBER 12, 2024
Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Pricing models vary and each can benefit specific business types and transaction volumes: Flat-rate pricing. Once approved, you get access to your merchant account.
The Payments Association
DECEMBER 10, 2024
As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven fraud detection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).
Finextra
JULY 7, 2025
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. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.
Stax
APRIL 8, 2025
Interchange and assessment fees are set by card networks and are non-negotiable. Assessment fees Assessment fees go to the payment network or the credit card network. In the previous example, Mastercard retains the assessment fee from the overall credit card processing fee. This helps the processor recoup lost revenue.
Fintech News
FEBRUARY 10, 2025
In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. Also, the autonomous nature of the AI means decision-making is often removed from human oversight.
Expert insights. Personalized for you.
Let's personalize your content