The key challenge in credit card fraud detection lies in the imbalance between legitimate and fraudulent transactions. Fraud cases typically represent less than 1 percent of total transactions, ...

Analytics-software provider FICO rolled out new models today to help credit card issuers and other financial services ...

With billions of credit card transactions processed daily, there is opportunity for fraudulent activity, or perceived fraudulent activity, to slip in. And it does: Each year, hundreds of millions of ...

Ever find your palms sweating as you enter your payment info into a merchant site you’ve never used before? It’s a natural response; few financial details are more important than your payment methods ...

A surge in digital payment technologies has been paralleled by an equally rapid increase in credit card fraud. This research field explores multifaceted approaches that combine advanced analytics, ...

The COVID-19 pandemic has propelled the world towards the era of electronic payments, a trend that shows no signs of reversing. At 37.8%, credit cards emerged as the most reported method of payment ...

Your browser does not support the video element. Your browser does not support the video element. In mid-March, a scammer in California tried to buy $150 worth of ...

If you’ve ever had a credit card purchase mysteriously rejected only to discover later that the bank thought you were a fraudulent user, you may appreciate an effort by MasterCard International to use ...

It's a scenario most people have encountered: you try to make a big or unexpected purchase on your credit card, and, at the moment you need it the most, the card gets declined. Sometimes, it's as ...