Through the enhancements, Mastercard can now detect potentially compromised cards at twice the speed, providing further protection to cardholders and securing the ecosystem. These new features enable the company to send bank alerts more quickly and with greater accuracy when a card is likely to have been compromised.
Johan Gerber, executive vice president, security and cyber innovation at Mastercard said, “Until now, fraudsters may have thought they were operating in obscurity, seeking to launder the card details of millions of unsuspecting victims.”
#fraudprotection #onlinepayments #artificialintelligence
------
-[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa
-[Newsletter] To learn more about the latest news, trends and insights in the technology industry, subscribe to UpTech Media’s newsletter by filling out this form: https://lnkd.in/eKr8Se4y
Certified Project Management Professional (PMP) | Environment | Climate Change | Energy | Governance | Innovation
2moI hope big corporations especially telecomms can adopt such timely and relevant solutions to the rising cell phone scams in Africa.