AI being used in payment fraud prevention for e-commerce
Fraugster, a German-Israeli payment security company, has launched a fraud prevention solution, Fraud Free Product, using artificial intelligence technology to detect cases of fraud. The product is is connected to the largest payment gateways, requiring no additional integration or setup for online merchants. Some of the world’s largest payment companies such as Ingenico ePayments, Wirecard and Credorax are already successfully using the product.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.