Industry News Brought to You by Institute of Commercial Payments: News - Industry

Email to a Friend

Philippines Adopts AI-Powered TRACE to Combat Real-Time Payment Fraud Monday, March 3, 2025   (0 Comments) Posted by: Sierra Lindemann Mastercard has launched its AI-driven crime-fighting solution, TRACE, in the Philippines, making it the second country after the UK to adopt the technology. TRACE analyzes large-scale payments data across financial institutions to detect and trace illicit transaction patterns, targeting money laundering and fraud in real-time payment networks. Partnering with BancNet, the solution enhances scam prevention and regulatory compliance, addressing the growing risks associated with instant digital payments. members rEAD MORE not a member? jOIN NOW « Back to Index