There’s nothing worse than dealing with payment fraud. For businesses, it’s a constant, money-draining headache.
Well, Stripe just entered the chat with an absolute game-changer.
They used a new custom-built AI to supercharge their fraud detection, and the results are insane.
They took their ability to spot a nasty type of fraud called “card testing” from 59% to a jaw-dropping 97% accuracy, literally overnight.
Card testing is when bad actors check if stolen card details are still active. Stripe’s AI is now shutting that down almost perfectly.
How’d They Do It?
Stripe announced its new Payments Foundation Model, which they’re calling the world’s first foundational AI built specifically for payments. Think of it as a super-intelligent brain trained on trillions of data points, designed for one mission: keeping payments secure.
This is a massive deal. With customers like Google and Amazon, this tech is protecting a huge chunk of the internet’s economy. It’s a powerful example of AI solving a very real, very expensive problem.