Mastercard’s Proactive Approach to Combatting Fraud with Generative AI Technology

Learn how Mastercard is leveraging generative AI technology to enhance payment network security and protect consumers from fraud with its Decision Intelligence solution.

Mastercard is taking a proactive approach to combatting fraud by leveraging generative AI technology to enhance the security of the payments network and protect consumers. The Decision Intelligence (DI) solution, which already processes a staggering 143 billion transactions annually, is being bolstered by new generative AI capabilities. This advanced technology will analyze an unprecedented one trillion data points to accurately predict the authenticity of transactions in real time.

Mastercard's Proactive Approach to Combatting Fraud with Generative AI Technology

The Decision Intelligence Pro technology assesses the relationships between various entities involved in a transaction to determine its risk level. In less than 50 milliseconds, this cutting-edge solution improves the overall DI score, providing banks with sharper data for decision-making. Initial modeling indicates that the AI enhancements can increase fraud detection rates by an average of 20%, and in some cases, by as much as 300%.

By enhancing Decision Intelligence, Mastercard aims to further empower banks in safeguarding cardholders from fraudulent transactions and reducing the occurrence of false positives – legitimate transactions mistakenly flagged as fraudulent. This proactive approach underscores Mastercard's commitment to staying ahead of fraudsters and ensuring the security of the entire payments network.

Mastercard's adoption of generative AI technology represents a significant step forward in the ongoing battle against fraud. By leveraging advanced AI capabilities, the company is strengthening its ability to protect consumers and banks from the ever-evolving tactics of fraudsters.