Is your credit card safe? Mastercard is taking the fight against fraud to the next level! According to a press release, Mastercard is rolling out generative AI technology to monitor and catch credit card fraud. This cutting-edge approach promises faster and more accurate detection of suspicious activity, protecting you from unauthorized charges.

Mastercard said Wednesday that it will use Our Transaction Fraud Monitoring solution intercepts at pre-authorization, identifying fraud before it hits other security defenses. Our AI models’ protection and accuracy are high because it’s constantly learning and adapting to new threats. This means fewer false positives and a smoother experience for legitimate cardholders.

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders. This proactive approach is crucial in staying ahead of sophisticated scams.

Mastercard's newest iteration of its AI-powered fraud detection system features AI technology that scans nearly 160 billion transactions every year. This incredible scale allows the AI to identify even subtle patterns indicative of fraudulent behavior.

This technology is a game-changer in the fight against credit card crime. Mastercard announced its latest strategy to combat credit and debit card fraud, as part of an upcoming software update. Leveraging AI to detect patterns to identify suspicious transactions faster and more accurately. Stay informed and protected – learn more about Mastercard's innovative use of AI to keep your money safe.