As the world becomes increasingly digital, contactless payments have become more popular than ever before. With the COVID-19 pandemic still ongoing, people are looking for ways to avoid touching cash and cards. Contactless payments offer a convenient and safe alternative, and the use of artificial intelligence (AI) and machine learning is making these transactions even more secure and efficient.
One of the main benefits of AI and machine learning in contactless payments is fraud prevention. AI algorithms can analyze large amounts of data in real-time, detecting patterns and anomalies that may indicate fraudulent activity.