AI-Driven Payment Gateways: Spotting Fraud Before It Happens: Securing Your Credit Card Without You Knowing

Author(s)	Puneet Sharma
Country	United States
Abstract	In today’s rapidly evolving financial ecosystem, artificial intelligence (AI) has emerged as a cornerstone of payment gateway innovation. Leveraging AI-driven fraud detection, payment systems now possess the ability to identify and mitigate fraudulent activities in real time, often before they can cause harm. These advanced algorithms analyze vast amounts of data to detect anomalies, identify emerging threats, and protect consumers without disrupting their experience. This paper explores the transformative role of AI in enhancing payment security, focusing on predictive analytics, behavioral modeling, and anomaly detection. It also delves into implementation challenges, ethical considerations, and future trends. By examining real-world applications and the convergence of AI with other emerging technologies, we shed light on how AI is redefining the trustworthiness and resilience of payment gateways.
Keywords	AI in Payment Systems, Fraud Detection, Predictive Analytics, Behavioral Modeling, Anomaly Detection, Real-Time Payment Security, Financial Technology, User Experience Optimization
Field	Engineering
Published In	Volume 5, Issue 4, July-August 2023
Published On	2023-08-09
DOI	https://doi.org/10.36948/ijfmr.2023.v05i04.35254
Short DOI	https://doi.org/g82h35

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International Journal For Multidisciplinary Research