1 min read

Credit Card Fraud Detection

“Fraud detection is a set of activities that are taken to prevent money or property from being obtained through false pretenses.”
Credit Card Fraud Detection

Online transactions entail the transfer and storage of delicate data (financial information, authentication information, passwords, etc), and the ill-usage of this data leads to a host of frauds, credit card fraud being one of the major threats.

Online Shopping is a fast-growing trend. Mode of payments involving Credit Card, Debit Card and Net Banking is prone to frauds. Credit Card Fraud occurs Online as well as Offline. Hackers don't leave a chance to steal information and breach security. Evasion can be bankruptcy, behavioral, application or theft. Case investigations, customer phone support, and damage to an institution’s reputation also contribute to the cost of fraud. With the cost of fraud climbing and cardholder trust backsliding, companies need to understand steps to ensure their business and their cardholders are protected.

Probyto AI allows organizations to build and manage such usecases and track the benefits of AI adoption in their businesses. Currently, FREE 60 minutes AI Consultation is being provided to the registered users in the Probyto AI Demo platform. If you haven't registered yet, register now to Probyto AI Demo.

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