Visa aims to halve its global fraud rate by 2025
It's been preventing US$25b in fraud annually with the help of artificial intelligence
Shanghai
PAYMENTS giant Visa plans to halve its global fraud rate by 2025, having been using artificial intelligence to prevent an estimated US$25 billion in fraud annually.
Speaking at the Visa Asia-Pacific Security Summit 2019 held in Shanghai, Visa's group executive for Asia-Pacific Chris Clark announced on Wednesday plans by the payments firm to bring down its fraud rate further.
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