How to Reduce Transaction Fraud while Increasing Approval Rates with AI and Machine Learning

With advanced applications of AI and ML Acquirers, PSPs and PayFacs now have the tools needed to reduce the threat of increasingly sophisticated and evolving fraud schemes. More than ever, consumers expect every transaction to be frictionless, instant and safe. The payments industry is increasingly faced with the task of detecting and preventing fraud that changes at a moment’s notice while still providing high-quality payments services.