PayPal Feeds the DL Beast with Huge Vault of Fraud Data

PayPal is no stranger to fraud. As one of the Internet's first online payment services, PayPal has been exposed to every type of wire fraud imaginable (and some beyond imagination). Sometimes the fraudsters had the upper hand, but now, thanks to deep learning (DL) models running on high performance computing (HPC) infrastructure, PayPal is leveraging its vast repository of fraud data to keep the fraudsters on the run. PayPal is one of the classic success stories of the Internet era. Founded during the dot-com heyday of 1998, the company carved out a lucrative niche – facilitating secure payments online -- early in the Internet's development.