ai’s CEO, Mark Goldspink, recently posted an article about zero ambiguity fraud management which discussed the problem with accountability based on varying operational business models. Since then, an analysis has been carried out on one existing client to review long term rule performance. This charted the rule creation activity and rule durability over time since…
In 2000 I jumped from an oil company into a company that did billing on the internet, for which many of my friends said I was mad. They were probably right, but to be writing an article eighteen years later, including the facts that, in 2017 in Europe, 268m (47m UK 93% Population)…
In my last article, we looked at some of the different frauds that fuel cards are particularly susceptible too, Skimming, Abuse of Genuine Cards and Site Collusion. This piece will look at Lost or Stolen Cards, Application Fraud, Counterfeit Card, Swapped Card and Card not received fraud, alongside ways fleet managers can help to detect…
If you’re an owner or manager of a large number of vehicles, it’s likely that your company utilises Fuel Cards. At first glance Fuel Cards make life considerably easier. They provide detailed transaction reports, automated billing and a lot less paper than expenses forms. However, fuel cards are just as likely to be targeted by…
The ai Corporation have opened a research lab focused on researching solutions to power the next generation in payment and risk management. This will enable the team to experiment with cutting edge techniques and to develop unique machine learning algorithms to drive innovation in the payment processing and risk protection of tomorrow. The team, led…
The potential impact and role of Artificial Intelligence (AI) is undeniable. We increasingly see highly repetitive tasks moving from human manual labour, to machine-based automation. Fraud prevention is often labelled as one of the ‘quick wins’ for AI, and there is no dispute that the technology’s use is driving better detection. However, AI is also…
Possible outcomes of current disruption in the payments industry could take a number of forms. Here are four favourites Margins for global payments providers are under intense pressure as they face stiff competition from technology fi rms and tougher regulation. These factors are likely to trigger radical changes in the payments industry. For example, this…
Automation technologies are enabling businesses to drastically reduce the costs and complexities involved in building and providing payments solutions, while removing the burden of dealing with an ever-complicated regulatory landscape Payments have evolved in recent years as companies have attempted to adapt to the behaviour of consumers on ecommerce platforms. This is often geographically influenced,…
Mobile payments apps have leapfrogged credit and debit cards in China, signposting the way forward for the rest of the world. China’s two mobile payments giants, Alipay, an affiliate of the Chinese ecommerce group Alibaba, and WeChat Pay, owned by the messaging and social media powerhouse Tencent, are streets ahead of their Western rivals in…
Consumers are increasingly using frictionless payment methods, from contactless to in-app and voice-activated. But before these new ways to pay become the norm, people need to be comprehensively reassured of the benefits. Despite the pace of innovation in frictionless payments, which ease the buying process by removing manual steps, cash and other established payment methods…
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