eBay’s AI can identify 40% of credit card fraud cases with ‘high precision’

“Our [technique] can be immensely helpful, as out of 284,807 samples we can safely rule out 139,220 [transactions],” they wrote.

If you’ve purchased or sold something on eBay recently, you might have encountered the system in action. The researchers coyly noted that it was successful in picking out fraudulent transactions in data from an “ecommerce platform”

https://www.google.com/amp/s/venturebeat.com/2018/11/07/ebays-ai-can-identify-40-of-credit-card-fraud-cases-with-high-precision/amp/

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