Consumer Protection and Payment Compliance in the Digital Age: Challenges, Innovations, and Regulatory Responses

Abstract

This research paper explores the multifaceted challenges, innovations, and regulatory responses in consumer protection and payment compliance in the digital age. It delves into the complexities of data privacy, online transaction security, and the rise of sophisticated frauds. The paper also highlights the innovative strides in secure payment technologies and the role of AI and machine learning in fraud detection. Furthermore, it scrutinizes diverse global regulatory frameworks, emphasizing the need for evolving regulations to keep pace with rapid technological advancements. Through a comprehensive analysis of scholarly articles and case studies, this paper provides a holistic view of the current landscape and future prospects in safeguarding consumer rights in the digital marketplace.