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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
Published Wed, Jun 19, 2019 · 09:50 PM
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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