The Importance of AI in Payment Fraud Prevention

The increased adoption of new payment methods globally has led to an increase in fraud attack surface. This session will focus on how Fraud Prevention Strategies grounded in AI powered technologies, with Shared Intelligence, can help address complex fraud vectors. The speakers in this panel will showcase how Shared Intelligence helps the payments ecosystem – including payment service providers, merchant acquirers, other payment industry players, and merchants - gain a better understanding of a user’s digital footprint, mitigate fraud, and provide a superior customer experience to their loyal customers. They will also delve into how AI powered Adaptive technologies can help merchants adapt to changing fraud vectors in near real-time and, in turn, mitigate fraud and reduce false positives. This is an informative session that will reinforce the power of consortium and shared intelligence amongst the important payments industry players.