<ul><li>Acquirers are stepping up their battle against fraud by leveraging emerging technologies and offering biometric authentication to their merchant clients.</li><li>Fraudsters are using AI, cyberattacks, and data breaches to create new avenues of attack, leading acquirers to invest in AI, data-driven analytics, and other technologies to strengthen their fraud defenses.</li><li>A significant increase in fraud rates has been reported by smaller acquirers, while larger acquirers have experienced a less dramatic rise.</li><li>While most acquirers already provide fraud prevention technologies such as consumer transaction alerts, automated fraud responses, AI or ML systems, and fraud prevention APIs, there is a growing demand for advanced technologies like biometric authentication and GenAI.</li></ul>

Acquirers Step Up Battle Against Fraud With GenAI, Biometrics Push

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