Mastercard is developing an artificial intelligence (AI) tool that aims to identify potential fraud in card transactions before they occur. The tool, expected to be available by 2024, will analyze various data points associated with each transaction, such as location, spending patterns, and merchant details, to detect anomalies that may indicate fraudulent activity. By leveraging AI and machine learning algorithms, the tool will continuously learn and adapt to new fraud patterns, providing real-time risk assessments for each transaction. This proactive approach aims to enhance security and reduce financial losses for both consumers and businesses. Mastercard’s AI tool represents a significant step forward in fraud prevention, utilizing advanced technology to stay ahead of evolving threats in the digital payment landscape.