A Reflection on Payments Fraud
The dramatic surge in card fraud during the pandemic has been well documented. More recently, market research is showing a reduction in the number of fraud cases as a result of payments organizations implementing modern fraud prevention solutions. However, while the volume of card fraud is declining, the monetary amount of fraud is not, as fraudsters continue their penetrative testing looking for easy targets. Our interview with Fabrice Daniel, Head of the AI team at Lusis briefly introduces some of the key factors that payments organizations should consider in respect of their fraud platform.
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