FIS enhances card fraud detection with new AI partnership collaboration.

TLDR:

• FIS has collaborated with Stratyfy to enhance card fraud detection using artificial intelligence.
• The collaboration aims to accurately identify and prevent fraudulent card transactions, saving businesses and consumers from potential losses.

Global financial technology leader FIS has announced a new collaboration with Stratyfy to improve card fraud detection through AI. The partnership comes at a crucial time in the payments industry with fraud expected to cost billions annually by 2027. The collaboration is expected to provide a better and safer card payments experience, with more fraud attempts being stopped. Customer testing showed a significant improvement in accurately identifying and preventing fraudulent activity. FIS and Stratyfy will provide further details on their partnership at CBA Live, showcasing the value of their collaboration in enhancing fraud protection and ensuring consumer safety.