Reported 6 months ago
Mastercard and Visa are utilizing generative AI technology to combat cybercrime and card theft schemes. Mastercard has updated its gen AI technology to quickly detect compromised cards stolen through various methods, while Visa has added new gen AI tools. Both companies aim to expand security services and use gen AI for customer service, product development, and marketing. Gen AI helps in identifying stolen cards, filling data gaps, and improving fraud detection, empowering financial institutions to combat fraud more effectively.
Source: YAHOO