Visa Prevents Over $700M in Fraud From Disrupting Australian Businesses Using AI
Friday, February 23, 2024
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Posted by: Sierra Lindemann
Visa has revealed that its AI-based real-time payment fraud monitoring solution, Visa Advanced Authorization (VAA), prevented $714 million in fraud from impacting Australian businesses in a year. With the rise of emerging technologies like generative AI and the increased prevalence of phishing schemes, VAA highlights Visa's commitment to staying ahead of fraudsters by leveraging AI models that assess over 500 risk attributes in milliseconds.
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