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AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

Real-Time Fraud Detection: Defence at Machine Speed Traditional fraud systems rely on static rules and after-the-fact analysis. But fraud doesn’t wait, and neither can protection. AI is enabling: Biometric authentication that eliminates passwords and PINs.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments. Cybercriminals often target international transactions due to the complex nature of fraud detection across regions.

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LexisNexis Risk Solutions Set to Acquire IDVerse to Combat AI Fraud

Fintech News

LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.

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Navigating the rise of AI-enabled fraud

The Payments Association

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).

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What is Geolocation-Based Fraud Prevention?

Fi911

Additionally, it can help detect suspicious patterns, such as multiple transactions from vastly different locations in a short time. This added layer of security enhances fraud detection systems, enabling businesses to take proactive measures in protecting their customers and their data.

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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?

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Stripe Acquires Bouncer To Integrate Card Authentication Into Its Fraud Detection Platform

CB Insights

Payments giant Stripe has acquired Bouncer, a card-scanning and authentication solution, for an undisclosed amount. The company’s team and technology will be integrated into Stripe Radar, its anti-fraud platform. WHO ARE THE PARTIES TO THE DEAL? The company is currently valued at $95B. Want the full post?