Tag: Mastercard

Mastercard has launched a new artificial intelligence (AI)-power tool which is aimed at helping banks fight payment fraud and scams in real-time prior to any monetary exploits. According to an announcement from the financial services provider on July 5, the ‘Consumer Fraud Risk’ solution’s AI is trained using years of transaction data received in partnership with banks in the United Kingdom.  Through analyzing the data the system is able to predict whether or not a user is attempting a transfer of funds to an account previously associated with “authorized push…

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