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What is Fraud Detection and why is it important for payment gateways?

Girdhari Panwar . Jun 26, 2024

A:

Fraud detection refers to the set of tools and features that helps to find and prevent fraudulent transactions. It protects both businesses and customers from online scams that can lead to financial losses. Fraud detection is important for payment gateway as it creates a secure environment for online transactions, benefiting merchants, consumers, and the entire financial ecosystem.

Jun 27, 2024

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