Verifone deploys Visa’s Featurespace platform to its payment gateway to combat fraud

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Verifone announced that it has fully deployed Visa’s Featurespace platform and adaptive machine learning models across its payment gateway, providing real-time assessment for every payment to help merchants and payment facilitators prevent fraud, lost sales, and chargebacks. Its risk-scoring framework checks more than 1,800 attributes for each transaction in real time while keeping request processing times below 100 milliseconds; Visa’s Adaptive Behavioral Analytics also builds profiles of normal behavior for merchants, cards, and accounts.