The Fintech Times

FEBRUARY 19, 2025

Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

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Visa AI Consumer Scams 59

Bank Automation

FEBRUARY 3, 2025

Mastercards deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The payments giant added generative AI to its Decision Intelligence solution, a real-time decisioning tool, in February 2024, according to Mastercard.

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Fintech Finance

DECEMBER 16, 2024

Mastercard and Jeel a subsidiary of Riyad Bank are joining forces to enable digital and cutting-edge solutions such as AI to drive innovation in Saudi Arabia. This will provide seamless access to new digital use cases, such as Mastercard Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) propositions to Saudi Arabia.

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Payments Source

OCTOBER 30, 2020

Mastercard has rolled out a set of AI-powered tools to thwart fraud and data breaches across banks' ecosystems, particularly to benefit acquirers’ online merchants.

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Visa AI Data Breach Security 137

The Fintech Times

FEBRUARY 28, 2025

Payments giant Mastercard is joining forces with E mirates NBD , the banking group in the Middle East, North Africa and Trkiye region, to enhance the bank’s digital payment solutions. ” The post Emirates NBD Partners With Mastercard to Enhance Digital Payment Platform appeared first on The Fintech Times.

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Bank Automation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

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Fintech News

MAY 22, 2024

Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. The new technology scans transaction data across billions of cards and millions of merchants at unprecedented speeds.

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Compromise Visa AI Fraud Detection 121

The Fintech Times

MARCH 12, 2025

Payments giant Mastercard has been busy forging three new partnerships in the UAE, with Al Etihad Payments , the payments infrastructure provider and subsidiary of the Central Bank of the UAE ; LikeCard , an e-commerce prepaid card platform; and credit-as-a-service platform CredibleX.

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Visa Financial Literacy Small Business Payments 75

Finextra

APRIL 24, 2024

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

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Finextra

FEBRUARY 13, 2025

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

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Fintech Finance

FEBRUARY 13, 2025

Mastercard today officially announced the launch of TRACE (Trace Financial Crime) in Asia Pacific, a sophisticated network-level solution that harnesses artificial intelligence to identify and prevent money laundering and financial crime. Oftentimes, investigations take weeks to complete.

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Money Laundering Financial Crimes Crime Visa 75

Payments Dive

DECEMBER 1, 2020

Mobile Payments Today interviewed president and CEO of Rekor, Robert Berman, on an AI Powered Drive Through Platform his company worked on with Mastercard and how that platform can add a new dimension to the customer experience. Artificial intelligence has gotten a great deal of interest since the coronavirus pandemic hit.

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PYMNTS

JULY 8, 2020

Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they become major problems, two top executives told Karen Webster during Mastercard’s Virtual Cyber & Risk Summit. “In AI Also Helps Manage Credit Risk.

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Visa AI Credit Risk Risk 109

The Fintech Times

NOVEMBER 14, 2024

Miami-based fintech startup enabling Latino workers in the US to send money back to their families in Latin America via WhatsApp , Félix Pago is expanding its services to El Salvador, Honduras, Guatemala, and the Dominican Republic following a new partnership with payments giant, Mastercard. And cryptocurrencies allow for that.”

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The Fintech Times

APRIL 24, 2024

Mastercard has unveiled a range of AI-powered security solutions and forged industry partnerships with Verizon, NatWest, Entersekt and Global Anti-Scam Alliance in a mission to tackle the rise of scams and impersonation fraud. Verizon and Mastercard share a commitment to helping protect consumers from security threats.

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Fraud Prevention Visa AI Scams 105

Fintech Finance

MAY 22, 2024

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 and securing the ecosystem. In doing so it alerts Mastercard to new, complex fraud patterns. The card can then be blocked and reissued.

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The Fintech Times

NOVEMBER 21, 2024

Payments giant Mastercard is joining forces with Fundbot , a UAE-based fintech firm specialising in supply chain financing, to accelerate business-to-business (B2B) payment flows via a new payments platform linking buyers and suppliers.

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Bank Automation

DECEMBER 13, 2023

Financial institutions are looking to generative AI for software development, chatbots and operational efficiencies, and more AI applications are expected to surface in 2024.

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Fintech News

SEPTEMBER 16, 2024

Payments giant Mastercard has announced plans to acquire global threat intelligence company Recorded Future for US$2.65 Mastercard aims to strengthen its cybersecurity capabilities with this acquisition as cybercrime costs are projected to reach US$9.2 trillion by 2024.

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Fintech Finance

SEPTEMBER 24, 2024

Mastercard today updated its Consumer Fraud Risk (CFR) solution to increase the ways it helps protect consumers from Real Time Payment scams. The AI-powered insights give more UK banks greater visibility into potentially fraudulent transactions so they can stop scams before they take place.

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Bank Automation

AUGUST 30, 2024

Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and even to predict payments success. “We We are very cautious and safe in the way we use AI” throughout the institution,” Jess Turner, head of global open banking and API at Mastercard, said Aug.

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Bank Automation

JULY 2, 2024

Mastercard is using AI to help structure the data it collects for its more than 3,000 bank clients in the United States and Europe. With connections to so many banks, the data that comes into Mastercard “can be very different,” Jess Turner, executive vice president of global banking and API at Mastercard, tells Bank […]

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Bank Automation

AUGUST 1, 2024

Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance data and analytics; and Boost accounting and sales operations. Mastercard is using AI for operations including data analytics, fraud and cybersecurity to improve offerings and efficiency, […]

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Visa AI Cybersecurity Payments 78

Finextra

FEBRUARY 1, 2024

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.

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Fraud Detection Visa AI Transactions 119

PYMNTS

OCTOBER 30, 2020

Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. Mastercard said the world faces a $5.2 30) announcement emailed to PYMNTS.

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Fintech News

FEBRUARY 4, 2024

Mastercard has adopted generative artificial intelligence (AI) techniques to strengthen security measures for consumers and the broader payments network. The introduction of generative AI technology marks a major step up, enabling the analysis of over one trillion data points to predict the authenticity of transactions.

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Wharton Fintech

FEBRUARY 26, 2024

Mastercard, President & CTO Ed McLaughlin — Emerging Technologies in Payments In today’s episode, Kailee Costello hosts Ed McLaughlin , the President & Chief Technology Officer of Mastercard. Out of that very physical cash-check world, Mastercard started completely offline. Next, we have what we call contextual commerce.

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Bank Automation

MARCH 26, 2024

Payments behemoth Mastercard this year plans to launch a generative AI tool that will cater to businesses.

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Bank Automation

MARCH 8, 2024

To ensure that data is handled responsibly, Mastercard uses an established set of data and tech responsibility standards as well as additional senior executive oversight on all generative AI applications. “Financial institutions have an advantage at the starting line when it comes to using generative AI,” Andrew Reiskind, chief data officer at Mastercard, (..)

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The Fintech Times

JULY 12, 2024

The UAE launched its ‘Strategy for Artificial Intelligence’ (AI) in 2017 to integrate the use of the technology at all levels within the country. Seven years later, organisations continue to align themselves with the strategy, especially as AI’s popularity reaches new heights.

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Fintech Finance

JANUARY 7, 2025

Under Srini’s leadership, Opus will continue to leverage AI/ML to deliver transformative solutions to our payments industry clients. For nearly three decades, Opus Group has been delivering innovative payment technology solutions globally, with three of its companies being acquired by Fortune 500 organizations, including Mastercard Inc.,

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The Paypers

JANUARY 12, 2024

Mastercard has announced the development of an inclusive AI tool in order to provide personalised, real-time assistance to the small business community worldwide.

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Bank Automation

JUNE 5, 2024

Card giant Mastercard and digital bank bunq are teaming up on open banking and AI, the companies announced this week at Money2020 in Amsterdam.

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The Fintech Times

MAY 30, 2025

With the AI boom appearing to take off almost overnight in early 2023, the sector has not looked back, leaping from one milestone to the next. In fact, according to findings from Grand View Research , the global AI markets value has skyrocketed by $400billion in just two years to reach $600billion.

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The Fintech Times

APRIL 23, 2025

New research from payments juggernaut Mastercard has revealed that cyberattacks are becoming ever more present in the financial world and small and medium businesses (SMEs) need to be prepared as this trend doesn’t show any signs of slowing down.

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Fintech News

MAY 19, 2024

Mastercard and Salesforce have announced a new integration aimed at enhancing the transaction dispute process. The new integration will combine Salesforce’s Financial Services Cloud (FSC) with Mastercard’ s dispute resolution services, including Ethoca Alerts and Ethoca Consumer Clarity.

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Payments Source

APRIL 23, 2019

Mastercard is expanding its Girls4Tech education outreach program with new partnerships, and tightening the focus on subjects broadly in demand in the payments industry.

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