When a card is swiped, the card issuer sends Spade the data in real-time, and that transaction is linked with a verified merchant identity.

AI And ML Fraud Detection Let’s start with the way AI deals with payment fraud. Merchant losses are projected to reach $38 billion in 2023, driven by credit card fraud, phishing, chargebacks and ...

Mastercard's AI-powered fraud detection system uses risk-scoring and behavioral biometrics to help identify suspicious transactions.

Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving.