Algorithms Honed On Stock Trades Are Fighting Credit Card Fraud

Algorithms Honed On Stock Trades Are Fighting Credit Card Fraud

Experts say credit card fraud is on the rise, and while consumers generally aren't on the hook for bogus charges, banks and merchants still lose billions of dollars every year to the crime. Total credit and debit card fraud hit about $21.8 billion in 2015, up more than 20% from the previous year, according to an October report from The Nilson Report, an industry analyst.