Mastercard Accelerates Card Fraud Detection With Generative AI
Friday, May 31, 2024
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Posted by: Sierra Lindemann
Mastercard is ramping up its cybersecurity efforts with generative AI, doubling the speed of detecting compromised cards to thwart fraudsters seeking to exploit payment systems. This innovation enables Mastercard to swiftly predict full card details of compromised cards, aiding banks in blocking fraudulent transactions faster, boosting trust in digital transactions and enhancing overall cybersecurity. This advancement complements Mastercard's Cyber Secure suite, reinforcing its commitment to safeguarding cardholders and the payment ecosystem.
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