Yesterday the Treasury Department announced that companies and other entities that are headquartered in hurricane “DISASTER AREA” counties will have a six month (180 day?) extension to file ...
The U.S. Treasury Department’s investment in artificial intelligence (AI) has resulted in the recover $1 billion in check fraud, nearly tripling the amount from the previous year.
The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars. The Treasury Department said its increased use of artificial intelligence in fraud ...
The U.S. Department of the Treasury says its expanded use of machine learning systems helped detect and prevent billions of dollars in fraudulent payments in 2024. The treasury is the check-writer ...
The Treasury’s Office of Payment Integrity (OPI), part of the Bureau of the Fiscal Service, said in a report it’s been using “machine learning AI” to detect high-risk transactions and expedite the ...
Expediting the identification of Treasury check fraud with machine learning AI resulting in $1 billion in recovery. Implementing efficiencies in payment processing schedule resulting in $180 ...
Advances in the use of machine learning to catch check fraud have resulted in $1 billion in recovery, the department says. Treasury says that its “risk-based screening” prevented $500 million ...
the agency recovered $2.5 billion through identifying and prioritizing high-risk transactions and recovered $1 billion via expediting the identification of Treasury check fraud with machine ...