Stripe launches machine learning-based fraud prevention product

Online commerce platform Stripe has launched Radar: a new set of machine learning-powered tools to help businesses block fraud. Stripe Radar works by learning from the hundreds of thousands of businesses processing transactions on the Stripe network every second, while also providing each user with the ability to tailor defenses to their individual business. Fully integrated into users’ Stripe accounts, Radar requires no integration or setup work, protecting businesses from the moment of their very first charge. Radar uses a type of artificial intelligence that allows computers to train themselves on data and apply learnings to new situations, without intervention or instructions from human programmers. Relying on machine learning to analyze and weigh hundreds of different signals about each individual charge that Stripe sees, Radar uses advanced algorithms for detecting…

Link to Full Article: Stripe launches machine learning-based fraud prevention product

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