Visa Launches New AI Anti-Fraud Tool to Improve Security
Visa's new AI fraud prevention tool will help improve the security of credit card transactions, which is an important initiative for the company after investing in AI companies last year.
Visa's new AI fraud prevention tool will help improve the security of credit card transactions, which is an important initiative for the company after investing in AI companies last year. Its competitors are also constantly investing and innovating in this field, which will help the entire industry improve its fraud prevention capabilities.
New AI Fraud Prevention Tools: Visa will add three new AI fraud prevention tools to the software suite of commercial customers to improve the security of credit card transactions. The new tool will assist in detecting and preventing fraudulent behavior in credit card online transactions, and be applied to real-time account to account payments.
Expanded Service Target: Visa plans to open up existing risk detection authorization services and instant risk control decision-making systems for non Visa card payments.
Company Investment and Achievements: Visa assisted in preventing $40 billion in fraudulent activities last year, and the company also announced plans to invest in generative AI companies. Its competitor Mastercard is launching AI risk detection tools, and PayPal's Venmo product is also utilizing AI to provide a more user-friendly shopping experience.
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
