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Visa said it helped block $40b in fraudulent activity last year, nearly double the total in the previous 12 months. In October, the firm unveiled a $100m plan to invest in companies focused on generative AI, targeting ventures with the potential to shape how commerce is conducted in the future.
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“This focus on driving bad actors out of the ecosystem is really important,” Antony Cahill, Visa’s global head of value-added services, said in an interview.
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