Ecommerce fraud prevention: is AI the key?

Thanks to the internet, we no longer need to go to the shops; instead, the shops come to us. In a few clicks you can order everything from the latest digital gadgets to dog food, from the comfort of your sofa. And same-day delivery options mean you can receive items faster than ever. But the speedy online transactions and one-click purchasing systems that underpin the ecommerce sector don't just make life easier for consumers; they make things easier for fraudsters too. Successful ecommerce retailers receive thousands of orders a day, and these card-not-present (CNP) purchases are harder to verify than those where the card and cardholder are physically present.