This process makes just-in-time or real-time fraud detection possible. No person can evaluate thousands of data points simultaneously and make a decision in a split second.

Bespoke fraud ML models are powered by algorithms that learn from historical data, picking up on behaviors and characteristics commonly associated with fraud.

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

Fighting Crime Using AI & Machine Learning Fraud Detection uses AI and machine learning algorithms to monitor monetary and non-monetary events and look for patterns that indicate possible risks.

The end-of-year shopping whirlwind is underway. How does your credit card issuer watch out for fraudulent purchases on your account amid all those transactions?