Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum
PYMNTS
OCTOBER 1, 2019
The new regulations aim to reduce fraud by requiring merchants to use multifactor authenticatio n (MFA) solutions such as PINs and biometrics to approve online payments and transactions greater than €30 ($37 USD). Federal regulators in the U.S., meanwhile, are urging consumers to be careful of a particular type of social scam.
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