AI Powers Mastercard's New Authentication Process 7wData

Have you ever had a legitimate credit card transaction declined on the Web or your smartphone? It's a real hassle, to be sure. But now, thanks to a new payment protocol being introduced by Mastercard that relies on deep learning to authenticate purchasers, you should see fewer false positives, less fraud, and faster approvals to boot. Billions of dollars are on the line in the battle for control of the nation's electronic payment byways. Fraudsters are eager to exploit any technological weakness to steal others' hard-earned money, while banks, retailers, and consumers just want to make transactions as simple and secure as possible.