Payment fraud is a growing concern for both consumers and financial institutions. Left unchecked, fraud erodes trust and undermines the confidence of the financial industry. With the help of machine learning, financial institutions can quantify the level of risk in a transaction using fraud scoring, and prevent payment fraud before it happens. By leveraging first-party and third-party data, such as device intelligence, Fraud Prevention solutions on AWS enhance fraud detection and prevention for financial institutions. The real-time use of data and fraud scoring helps minimize risk for the institution and maximizes trust with the consumer.

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