In the last five years, Visa has invested USD 10 billion in cybersecurity and in creating a more robust and secure ecosystem. As the first to use Artificial Intelligence (AI) in the payments industry, we understand the value of this technology for identifying and preventing fraud, which has allowed us to prevent $41 billion worth of fraudulent transactions in the past year alone.¹
I recently had the honour to present on this topic to delegates at the 2024 Merchant Payments Ecosystem Conference in Berlin. Take a look at the Merchant Payments Ecosystem Positivity Issue 104.
We've also taken a deeper look into the influence of digital technologies and AI on the financial sector, and the ensuing challenges for payment security. All shared within our new Whitepaper 'Uncover the future of payments' which explores key trends and how AI can help circumvent risks.
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