Visa integrates AI into VAS, blocks $40b fraudulent activities

Digital payments firm, Visa has expanded its global value-added services business with three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card-not-present (CNP) payments, as well as transactions both on and off Visa’s network.