<ul><li>Mastercard is using AI to help detect and prevent credit card fraud.</li><li>The AI technology flags unusual patterns and blocks fraudulent transactions.</li><li>Mastercard's fraud department swiftly disputed a fraudulent transaction reported by a customer.</li><li>The company has been incorporating machine learning algorithms for 10 years to monitor transactions.</li><li>Their AI-powered fraud detection system scans around 160 billion transactions annually.</li><li>The technology reduces false-positive fraud cases significantly.</li><li>AI enables real-time detection of suspicious transactions by identifying patterns impossible for humans to spot at scale.</li><li>Mastercard's Decision Intelligence system assigns risk scores to transactions based on various data points.</li><li>Decision Intelligence Pro assesses user characteristics and behaviors to determine transaction validity.</li><li>AI has limitations, such as the potential for bias based on historical data, according to experts.</li></ul>

At Mastercard, AI is helping to power fraud-detection systems

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