- In August 2024, CPI Card Group joined forces with Rippleshot, a platform specializing in fraud prevention, to integrate Rippleshot’s advanced services into its offerings. This partnership aims to enhance CPI’s fraud management capabilities, allowing customers to proactively address fraudulent activities, lower associated costs, and improve customer retention and satisfaction
- In March 2024, Visa introduced three new AI-driven solutions to its Visa Protect suite to bolster fraud prevention. One of the key solutions focuses on addressing immediate payment fraud, with expanded capabilities designed to combat fraud across various payment networks
- In October 2023, Nymcard, a major card issuer in the MENA region, formed a partnership with ACI Worldwide, the leading provider of real-time POS payment solutions. This collaboration is set to enhance Nymcard’s fraud platform, helping safeguard its clients from the growing threat of financial fraud
- In September 2023, Mastercard and Oracle collaborated to automate B2B payments, aiming to tackle challenges such as fragmented data, systems, and processes. Through Mastercard’s virtual card technology, Oracle will help organizations securely share information and streamline financial transactions for corporate clients
- In October 2023, Oscilar introduced the industry’s first AI-powered platform for fraud prevention. The platform uses generative AI to automatically detect potential fraud patterns, conduct root cause analysis, and offer real-time risk recommendations
