Sentence examples for improved fraud from inspiring English sources

The company has also completely overhauled its order management system, which now offers abandoned checkout management, merchant-side order editing, refunds and improved fraud detection.

This included greater transparency and coordination between regional offices, the creation of a central division to handle tips and market intelligence, a greater emphasis on encouraging whistleblowers to come forward, independent custody requirements, and improved fraud detection procedures.

"That gap is closing and premiums are falling again thanks to competition, as well as improved fraud detection by the insurance industry and tightening of the law that is beginning to curb the number of spurious new whiplash injury claims," he said.

However, on a more positive note this actually represented a slight decrease on the 2010 Annual Fraud Indicator figure of £3.8bn due to improved fraud prevention methods involving plastic card fraud (£440m) and cheque fraud (£30m).

A new, improved fraud detection system, the Return Review Program (RRP) is under testing now.

"The speed and shape of global innovation, along with the growth of the Internet of Things, make on-going investment in the development of improved fraud detection systems ever more important". City of London Police Commissioner Ian Dyson said the findings illustrated "the cost of fraud to business, individuals and the public sector is vast and continues to rise".

In fact, many startups (such as DreamQuark) are working on improving fraud detection using machine learning and more sophisticated processes.

Buying Inkiru, for example, gave the company access to a mobile-centric point-of-sale solution, while last year's acquisition of Grabble provided a critical Big Data component, allowing it to improve fraud detection and prevention and in-store recommendations.

NICE says its software securely authenticates customers in real-time with no customer effort and reduces time to service, to free up time for CSRs while improving fraud protection.

In recent decades, as the economy took off and people's living standards improved dramatically, fraud and technology-enabled economic crimes proliferated as well.

A different AI system used by Danske Bank improved its fraud-detection rate by 50% and decreased false positives by 60%.