June 17 - 15:06
Visa claims to have prevented $25 billion in fraud using AI
Visa says it has thwarted $25 billion in fraud by utilising AI. Visa Advanced Authorisation is a tool that monitors transactions on Visa's network using AI tools to identify and respond to emerging fraud patterns and trend. Visa processed 127 billion transactions between merchants and financial institutions last year, and employed AI to analyse all transactions—each in about one millisecond.
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