Rise Of The Machines (In Fighting Fraud)

Security & Fraud Posted on February 17, 2016 As the data created by online transactions continues to expand at a rapid pace, so, too, do the security elements surrounding them. Todd Clark, SVP and head of STAR Network and debit processing at First Data, explains how machine learning creates a “smarter point of sale.” SHUTTERSTOCK Around the world, at every moment, digital transactions are initiating tens of thousands of risk signals being analyzed to ensure their security. This enormous amount of data — combined with the advent of machine learning — is, in the words of Todd Clark, Senior Vice President and Head of STAR Network and Debit Processing at First Data, “creating a smarter point of sale, in turn, enabling networks to chart a new path to growth.” Clark…

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