Mastercard study reveals: Organizations save $5 million with AI fraud prevention
Key Points
- Payment fraud costs organizations $60 million annually, with...
Organizations are hemorrhaging $60 million annually to payment fraud, making them about as financially secure as a piggy bank at a toddler convention. According to Mastercard's latest report, released today, fraudsters have apparently been using AI as their personal fraud enhancement tool while companies played catch-up with systems older than your nephew's gaming console.
The Numbers Game: When AI Actually Pays the Bills
Here's where things get interesting: 42% of issuers and 26% of acquirers have saved over $5 million each through AI fraud prevention in just two years. That's not pocke...
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