Mastercard digital transactions use Microsoft AI to improve fraud protection

Mastercard and Microsoft announced Monday that the companies are combining technology to fight digital fraud. Mastercard’s Digital Transaction Insights will include Microsoft’s Dynamics 365 Fraud Protection artificial intelligence (AI) to help financial institutions and loan issuers better detect fraud and approve real transactions.

According to the press release, the aim of the partnership is to provide consumers and business owners with safe and smooth online transactions. Technology can better defend against fraudsters who take consumer information and use it to challenge legitimate transactions. According to Mastercard, this is an increasingly common form of digital fraud.

Digital trading insights offset this upward trend. It applies Mastercard’s innovative authentication technology to verify merchant data, thereby confirming the identity of consumers with greater certainty.

And by integrating Microsoft’s artificial intelligence technology, Mastercard’s digital transactions can adapt to changing digital threats. The technology is used to facilitate online transactions, including through smartwatches and digital wallets.

“Online shopping should be easy, fast and secure. But that’s not always the case. We are committed to developing advanced identity and fraud technologies to enhance the real-time intelligence we provide to financial institutions around the world,” said Ajay Bhalla, President, Networks and Intelligence, Mastercard stated in the press release.

Microsoft’s Dynamics 365 Fraud Protection uses adaptive AI to detect fraud in real time by monitoring the behavior of anomalous or suspicious elements. Combining Microsoft’s technology with Mastercard’s technology could also improve transaction acceptance rates, according to the press release.

“We’re excited to partner with Mastercard to help card issuers and merchants prevent more fraud and engage more real users with our cloud-native, state-of-the-art fraud analysis tools,” said Charles Lamanna, corporate vice president of business applications at Microsoft and platform, said in a press release.

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