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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
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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.

Visa this week said its frau…

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