AI-powered age verification promises stronger fraud prevention at self-checkout
Retailers could significantly strengthen fraud prevention while improving the customer experience at self-checkout following the launch of a new AI-powered age verification solution from Scandit. The company’s new Age Verified Self-Checkout platform automates age verification for restricted purchases such as alcohol, tobacco and medication, reducing the need for staff intervention while helping detect fraudulent use […]
Merchant fraud teams urged to adopt risk-based AI governance as FCA sharpens focus on financial services
Merchant fraud and risk leaders should adopt a more proportionate approach to AI governance as regulators increase scrutiny of artificial intelligence in financial services, according to an AI specialist responding to the Financial Conduct Authority’s latest review of emerging technologies. The FCA’s recent review highlights how AI has the potential to transform financial services while […]
Fraud Detection Tools for Merchants: Where digital identity verification fits in
Online fraud continues to evolve in both scale and sophistication, creating significant challenges for merchants across ecommerce, financial services and digital platforms. From account takeover and payment fraud to synthetic identities and fraudulent new customer registrations, organisations must balance effective fraud prevention with delivering a frictionless customer experience. Modern fraud detection tools combine artificial intelligence, […]