Most Firms Using Three or More AI Tools Stop 90% of Fraud Attempts
By PYMNTS
AI summary of the source article
Companies using several artificial intelligence fraud tools are more likely to prevent attempted theft before money leaves their accounts, according to a September report on payments fraud defense produced in collaboration with Bottomline.
Why it matters
The trend is described as "offering an encouraging direction for businesses strengthening payment defenses."
Key facts
- Companies using several AI fraud tools are more likely to stop attempted theft before money leaves their accounts.
- The findings were published in the September report “Prevention First: Building a Smarter Defense Against Payments Fraud,” produced in collaboration with Bottomline.
Source excerpt · PYMNTS
Companies using several artificial intelligence fraud tools are more likely to stop attempted theft before money leaves their accounts, offering an encouraging direction for businesses strengthening payment defenses. That’s a central finding of “Prevention First: Building a Smarter Defense Against Payments Fraud,” a PYMNTS Intelligence report produced in collaboration with Bottomline. The Septembe…