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08/07/2024

How Visa employed artificial intelligence to check $40 billion in fraud as scammers also take to AI

Machine Learning Times

Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC.

The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double from a year ago.

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