Machine Learning

The Cost of Convenience: Why Merchants Bear the Brunt of Loss in Newer Retail Delivery Models

Convenience is the name of the game in the modern world, and no one knows this better than peer-to-peer delivery companies. These organizations rely on contracted couriers to transport goods from brick-and-mortar stores to the customers who ordered them online. Postmates, one of the most

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The End of Massive Fraud Attacks

  In little more than two hours on the morning of May 15, 2016, criminals in Japan stole 1.4 Billion yen ($13 million in U.S. dollars). They accomplished this feat by targeting ATMs in 7-Eleven convenience stores and making an estimated 14,000 withdrawals. The fraudsters

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How a 19-year-old man became Kim Kardashian

Many people wish they could live the life of a celebrity, with all the fortune and luxuries that fame provides. In 2013, a 19 year-old Florida man named Luis Flores, Jr. got a taste of the good life by using private information to commit identity

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How Well Do You Know Your Customer?

The digital revolution has paved newer ways for consumers to interact and transact within the commerce ecosystem. The transformation has not only redefined the shopping experience at traditional brick and mortar retail merchants like Macy’s, who offer virtual fitting room for online shoppers, but also led to the

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How Machine Learning Is Setting ‘Payments On Fire’

Feedzai chairman and CEO Nuno Sebastiao spoke to the “Payments on Fire” podcast about how the Feedzai solution puts machine learning and big data to work by managing fraud and risk.

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The Curious Case of The Artificial Intelligence Accused of Cheating

By Jon Pearson, Sales Director, Transformational Digital Journeys, Banking @ Feedzai Remember Deep Blue? This marvel of modern technology (back in 1996, at least) beat chess world champion Garry Kasparov in the first game of a six game match, although it lost the match, 4-2.

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Behavior Is The New Identity – Artificial Intelligence Sees Who You Really Are

Mobile commerce is growing at an astounding rate. IDC predicts that mobile payments will account for $1 trillion USD in 2017, a massive 124% jump from less than $500 billion USD in 2015. Most major commercial banks now also offer some sort of mobile banking

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Fighting Fraud in the Age of Big Data

Since the introduction of the web in the early 1990s, public’s expectations of how personal information is being used has been altered, creating new opportunities for business. According to a 2016 Pew Research Poll, most Americans are willing to give out personal information or allow

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History of Machine Learning

A Brief History Of Machine Learning

There has never before been as much interest in machine learning as there is now. This branch of computer science develops algorithms that allow computers to become smarter. Today, it powers modern marvels like the self driving car, Feedzai’s intelligent fraud fighting platform and Amazon’s

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A friendly customer may be committing fraud and not know it.

Friendly Fire: Dealing with Deliberate Chargebacks from Consumers

Card-not-present fraud is an issue every single e-commerce sees, often in the form of the chargeback.

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