Mastercard's new anti-fraud AI has a success rate of up to 300%
Mastercard's new anti-fraud AI has a success rate of up to 300%
Feb 2, 2024
interestingengineering.com
In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to hel
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