Transaction AI by Fraud.net is a real-time fraud detection, prevention, and anti-money laundering (AML) monitoring solution that analyzes transaction data through advanced analytics and artificial intelligence. The platform correlates customer transaction histories with billions of unique data points to detect and prevent various types of transaction fraud, including carding attempts and unauthorized payments. The system processes and analyzes data from multiple sources including a collective intelligence network, device IDs, and third-party APIs, examining millions of data points and transaction information to determine risk levels before purchases are completed. The solution monitors various payment types including card payments, transfers, wires, deposits, withdrawals, checks, loan payments, and cryptocurrency transactions. Using deep learning models and machine learning algorithms, the system processes 1,200+ variables and creates 3,000,000+ features to analyze transaction patterns and deliver risk scores within 500 milliseconds. Flagged transactions can be manually reviewed through a case management portal.
