Forter
Fraud
Payments AI
Tzachi Davidovich
Jan 20, 2025
Join host Tzachi Davidovich, the CEO of FlyCode, as he dives deep with Galit Michel, the VP Payments of Forter to discuss the complexities of payment systems and fraud prevention, emphasizing the role of AI and the importance. They explore the challenges merchants face in adopting AI technologies, the increasing complexity of payment systems, and the necessity of data sharing among stakeholders.
Takeaways
Galit started her career in fraud management without prior experience.The relationship between payment optimization and fraud prevention is crucial.AI technology is accessible, but fraudsters are leveraging it too.Understanding identity is key to providing good customer service.Merchants are increasingly looking to outsource solutions rather than build in-house.The complexity of payment systems has increased significantly over time.Data sharing among merchants and issuers can reduce false declines.AI will change the way payment systems operate and improve accuracy.Consumer expectations for seamless experiences are growing.The ecosystem will punish merchants for poor practices.
Titles
Navigating the Complex World of Payment and FraudAI's Impact on Fraud Prevention in PaymentsThe Critical Role of Identity in Payment Systems
Sound Bites
"Nobody went to the university and learned payment."
"AI is becoming very accessible to everybody."
"Fraudsters know how to go around your rules.""AI is not solving the problem for you."
"Innovation takes a lot of time.""
The ecosystem will punish you when you don't behave."
"Data sharing is the number one trend."
Chapters
00:00 Introduction to Payment and Fraud Dynamics
03:04 The Role of AI in Fraud Prevention
06:01 Understanding Identity in Payment Systems
09:08 Challenges of AI Adoption in Merchants
11:47 The Complexity of Payment Systems
15:03 The Importance of Data Sharing
18:10 Future Trends in Payment and AI
21:12 Consumer Experience in Payment Systems
