Ever find your palms sweating as you enter your payment info into a merchant site you’ve never used before? It’s a natural response; few financial details are more important than your payment methods ...

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 ...

Payment card fraud losses worldwide reached $33.83 billion in 2023, according to The Nilson Report’s Annual Fraud Statistics issue — up 1.1 percent from 2022. In the next 10 years, card fraud will ...

In his recent research, technology thought leader Lakshminarayana Reddy has introduced a state-of-the-art blueprint for addressing the ever-increasing risk of credit card fraud. The objective of his ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. A recent study projects AI-driven fraud losses could reach $40 billion by ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

International authorities have dismantled three massive credit card fraud and money laundering networks, linked to losses exceeding €300 million ($344 million) and affecting over 4.3 million ...