It would help US financial institutions prevent fraud on real-time P2P payment services
FIS announced that it has integrated the IBM Safer Payments solution within its person-to-person payment services in the US.
The usage of real-time P2P services grows very fast. That’s why the banks and other financial institutions need upgraded ways of identification and fraud prevention while making transactions.
The AI and machine learning monitor high-volumes of P2P transactions, providing real-time protection and decisioning.
FIS and IBM Safer Payments fraud detection solutions have seen a reduction in fraudulent transaction attempts.