[…] Mastercard is harnessing artificial intelligence to revolutionize the checkout process. The company highlights key benefits such as enhanced approval rates, where AI augments authorization messages with real-time data, reducing errors and optimizing transaction routing. This transformation promises a faster and more efficient checkout process, with recommendations for payment options and fewer lost sales due to failed transactions. Sherri Haymond, co-president of global partnerships at Mastercard, describes this as “the holy grail of optimization.” (Source: PYMNTS) …