4 in 10 merchants

4 in 10 merchants are using machine learning to improve fraud management and payment routing.

Twice as many merchants

Twice as many merchants are prioritising fraud operational cost reduction since 2021.

Merchants use an average of 5 fraud detection tools

Merchants use an average of 5 fraud detection tools, with over 50% using credit card and identity verification services.

The 2023 Global Fraud Report includes:

  • Fastest growing payment methods in each region
  • How merchants are using AI to create new customer experiences
  • Fraud and payment KPIs merchants are tracking in 2023 and their performance
  • Common types of fraud attacks merchants face
  • The top tools merchants are using to prevent and detect fraud
  • The most effective machine learning tools merchants haven’t started widely using yet 

Past fraud and payments reports