Payments News

Machine Learning and Big Data Know It Wasn’t You Who Just Swiped Your Credit Card

Nov 27, 2017
How to stay ahead of fraud in an increasingly digital world.

You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card — in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?

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http://www.govtech.com/fs/Machine-Learning-And-Big-Data-Know-It-Wasnt-You-Who-Just-Swiped-Your-Credit-Card.html