AI for acquirer fraud ebook2020-08-18T09:19:54-07:00

EBOOK

Advanced AI models are being used to solve today’s most prevalent issues for acquirers, such as transaction-level fraud and merchant onboarding and viability.

Since the advent of EMV (chip) cards and increasing eCommerce sales, the liability for fraud is shifting to acquirers and their merchants. In 2019, $27.85 billion was lost worldwide to transaction-level payment card fraud. Acquirers lost over 30% of that total.

Acquirer fraud is complex, ranging from friendly fraud to merchant collusion. Investigators are expected to deal with evolving schemes, changing rules and massive false positives. Each scenario has its own set of challenges and financial implications, which are difficult to detect and investigate using legacy detection solutions.

In this concise guide, you will:

  • Learn the hidden costs of fraud on your business
  • Identify different types of transaction-level and merchant fraud
  • Understand AI’s accuracy for detection and prevention
  • Be able to focus your investigators on verified and complex fraud schemes

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A concise guide for acquirers to mitigate transactional fraud and manage merchant risk

Since the advent of EMV (chip) cards and increasing eCommerce sales, the liability for fraud is shifting to acquirers and their merchants. In 2019, $27.85 billion was lost worldwide to transaction-level payment card fraud. Acquirers accounted for 31%, plus another 20% lost to chargebacks.

Acquirer fraud is complex, ranging from friendly fraud to collusion with merchants. Investigators are expected to deal with evolving schemes, changing rules and massive false positives. Each scenario has its own set of challenges and financial implications, and are difficult to detect and investigate using legacy detection solutions.

Our Ebook, Reduce transaction-level fraud and merchant risk, is a concise guide to addressing this growing problem for acquirers and payment service processors.

In this concise guide, you will:

  • Learn the hidden costs of fraud on your business
  • Identify different types of transaction-level and merchant fraud
  • Understand the accuracy of AI for detection and prevention
  • Be able to focus your investigators on verified and complex fraud schemes