Charles Lobo news and trends

Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023

July 23, 2024
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Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023

July 23, 2024
Visa’s investments in artificial intelligence (AI) and other technology reportedly enabled the payments processor to block 80 million fraudulent transactions worth $40 billion in 2023. Charles Lobo, regional risk officer for Visa in Central and Eastern Europe, Middle East and Africa, shared these figures with Reuters, according to a report posted Tuesday (July 23). “Now […]