Mastercard is leveraging AI and open banking to enhance its transaction monitoring and predict the success of Automated Clearing House (ACH) payments, focusing on data standardization and operational safety. At the Fintech South 2024 event, Jess Turner, Mastercard’s Head of Global Open Banking and API, emphasized the company’s cautious and secure approach to implementing AI. This strategy is part of Mastercard’s broader efforts to improve payment processes and ensure reliable transaction outcomes through advanced technology.
How Mastercard Taps AI, Open Banking To Predict ACH Payment Success
