Visa has added new security capabilities for clients at no extra charge

Visa rolls out a new suite of tools to fight fraud. The firm announced that the slate of offerings is meant to "help prevent and disrupt payment fraud" and is available to its clients without an additional fee or sign-up. Visa's solutions leverage AI to prevent and quickly put a stop to fraudulent transactions, which could help it keep pace with the AI-driven fraud tools introduced by firms like Mastercard, TSYS, and First Data. Offering fraud-focused tools is particularly important as fraud rises, especially as e-commerce grows more popular, so doing so could make Visa more attractive to firms. Global payment fraud losses are expected to rise 8.5% annually to reach $31 billion in 2020, costing merchants 7% of their annual revenue, according to data from First Data sent to Business Insider Intelligence.