Acquirers target transaction fraud and merchant monitoring with AI
Leveraging AI to mitigate fraud in the acquiring ecosystem, a white paper commissioned by Brighterion and produced by Aite-Novarica Group, explores ways in which artificial intelligence (AI) and machine learning (ML) can deliver dual benefits to the acquiring industry to protect merchants, payment processors, payment facilitators (payfacs) and similar entities.
Key takeaways from the report include:
- How AI provides powerful solutions to acquirers for transaction fraud and merchant monitoring for risk management.
- How to reduce implementation time by avoiding common data storage and cleansing challenges.
- Methodologies that streamline model creation, demonstrate ROI and prepare teams for successful deployment.