TECH - Visa Unveils New AI Fraud Prevention Tools to Safeguard Digital Payments | Benzinga
Wednesday, Visa Inc (NYSE:V) announced the expansion of its value-added services by introducing three new AI-powered solutions within the Visa Protect suite aimed at enhancing fraud prevention for account-to-account and card-not-present (CNP) payments.
This suite is part of Visa’s extensive range of nearly 200 products across five key categories: Acceptance, Advisory, Issuing, Open Banking, and Risk and Identity.
Visa’s commitment to combating fraud and securing transactions is backed by a $10 billion investment in technology and innovation over the past five years.
Visa’s efforts in fraud prevention helped block $40 billion in fraudulent transactions in 2023.
The new additions ...