The Challenge
Payment fraud attempts and cybercriminals constantly evolve, causing potential losses and customer distrust if not caught in real-time.
The AI Solution
Real-time fraud detection AI analyzing hundreds of factors per transaction to score risk and block fraudulent payments. Continually retrains on new fraud patterns.
Type of AI Used: Machine Learning (deep learning models for anomaly/fraud detection)
Results & Impact
PayPal's AI improved fraud detection by about 10% when deployed on advanced AI hardware, contributing to blocking an estimated $500 million in fraudulent transactions each quarter (~$2 billion annually).
