Intelligent Ways to Manage Fraud

Fraud continues to impact online merchants. Some experience chargebacks, while others experience various forms of return fraud. Fraud hurts not only merchants but also consumers, as merchants often increase prices to account for fraud. Some merchants even budget for fraud as a cost of doing business. Thankfully there are multiple new methods of detecting and preventing fraud that rely on artificial intelligence, which is the simulation of human thought by computers. This includes learning, reasoning, and self-correction. Fraud detection and prevention is an ideal use case for artificial intelligence, for the following reasons. Extensive real-time data analysis. Multiple data […]

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