How 104 Acquiring Banks are Using AI To Beat Fraud, Boot Unprofitable Merchant Accounts
Acquiring banks say that fraud, low transaction volumes and credit losses keep half of their merchant accounts from generating revenue. AI In Focus: Gaining Ground On Merchant Monitoring, a collaboration between PYMNTS and
Brighterion, a Mastercard company, surveyed 104 executives from acquiring banks across the U.S. and found out how artificial intelligence (AI) is being used to proactively root out fraud and identify unprofitable accounts to boost acquirers’ bottom lines.
