MasterCard, in its first major deployment of artificial intelligence technology, is rolling out a new decision-scoring and fraud detection service called Decision Intelligence designed to help increase the accuracy of real-time card approvals at checkout, while reducing the likelihood of transactions being falsely declined.
MasterCard said the service relies on proprietary algorithms to provide a predictive score to the card issuer, based on intelligent analysis of how a specific account is used over time to detect normal and abnormal shopping spending behaviors.
