Loading...
Market
What additional features will Mastercard introduce to its AI-powered Consumer Fraud Risk solution by June 30, 2025?
2
Resolution / Starting Odds
Enhanced real-time analytics • 25%
Improved user interface for banks • 25%
Integration with blockchain technology • 25%
Other • 25%
Official announcements from Mastercard
Story
Mastercard Enhances AI Defenses Against Payment Fraud with 60% Boost in Detection
Sep 28, 2024, 10:15 PM
Mastercard is enhancing its AI-powered defenses against payment fraud with new features in the Consumer Fraud Risk solution. These features provide instant risk scores to banks, aiming to target fraud before it happens. Early tests have shown a 60% boost in detecting fraudulent activities. This development highlights the growing role of AI in uncovering scams that traditional methods struggle to catch, such as check fraud. Additionally, authoritative phone data is being used to prevent AI-powered fraud, emphasizing the importance of data security and tech innovation in combating cyber threats. Privacy Tip #414 warns of fraud schemes promising big monetary rewards from AI.
View original story
Similar markets
Increase in accuracy • 25%
Reduction in false positives • 25%
Integration with new AI models • 25%
Other enhancements • 25%
Yes • 50%
No • 50%
Doubles • 25%
Triples • 25%
Quadruples • 25%
No significant improvement • 25%
Data-sharing initiatives • 25%
Algorithm improvements • 25%
User education campaigns • 25%
Other • 25%
Highly successful integration • 25%
Moderately successful integration • 25%
Neutral impact • 25%
Challenges and setbacks • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Europe • 25%
Asia • 25%
South America • 25%
Other • 25%
Artificial Intelligence • 25%
Manual Reviews • 25%
Collaboration with Law Enforcement • 25%
Other • 25%
Yes • 50%
No • 50%
Bank of America • 25%
JPMorgan Chase • 25%
Wells Fargo • 25%
Other • 25%