Visa's artificial intelligence (AI) and machine learning capabilities blocked 85% more suspected fraud globally on Cyber Monday compared to the previous year.
Visa's investment of $11 billion in fraud prevention technology over the past five years has paid off in thwarting fraud attempts.
The Visa Account Attack Intelligence Score, a tool leveraging generative AI, helps detect and prevent fraud in real-time.
Financial institutions using AI and machine learning experience fewer instances of common fraud compared to those using traditional fraud prevention tools.