How anonymized and aggregated transaction data powers new AI models

Nine out of 10 acquiring banks reported transaction fraud increased during COVID-19, according to PYMNTS.com. Meanwhile, U.S. lenders are doing business amidst rising interest rates – with household debt at an all-time high of $15.84 trillion. Now these problems can be managed quickly and accurately with out-of-the box AI solutions that are ready to deploy in as little as 30 days. With Mastercard's global network of 210 countries and territories, the breadth of transaction data is vast. Using transaction data for financial data analytics while respecting customer privacy is a core value for Mastercard.