Mastercard Partners With AI Firm Feedzai to Curb Crypto Scams
Mastercard is partnering with Feedzai, an AI-based risk management platform, to curb cryptocurrency scams and fraudulent activities. The two companies will work together to develop a system that provides increased payment security and helps to identify scams early on. This collaboration aims to protect consumers and businesses from fraudulent activities related to cryptocurrencies. The partnership will also allow Mastercard to gain a deeper understanding and information on cryptocurrency transactions from Feedzai’s database. The partnership will give Mastercard access to Feedzai’s proprietary AI technology which can detect suspicious cryptocurrency transactions and provide timely alerts. The collaboration is set to benefit both companies and help to ensure a secure cryptocurrency payments ecosystem.