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Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that this method has doubled its detection rate for compromised cards before they can be used fraudulently.
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“Using Generative AI techniques built by Mastercard, we are able to extrapolate the full card credentials from those partially visible and being sold online. Meaning we can double the rate at which we are able to spot the compromised cards and alert banks, and then protect cardholders and prevent fraud before it takes place.”
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