“Mastercard’s proprietary algorithm is trained on data from the roughly 125 billion transactions that go through the company’s card network annually. Bhalla said the new transaction decisioning technology from Mastercard can help financial institutions improve their fraud detection rates by 20%, on average. In some cases, though, the model has led to improvements in fraud detection rates of as much as 300%, Bhalla added. Mastercard says it’s invested more than $7 billion in cybersecurity and AI technologies over the last five years.”