Mastercard Enhances Artificial Intelligence Capability with the Acquisition of Brighterion, Inc.
PURCHASE, N.Y.–(BUSINESS WIRE)– Mastercard (NYSE:MA) today announced it has entered into an agreement to acquire Brighterion, Inc., a leading software company specializing in artificial intelligence. This acquisition will further expand its suite of capabilities that deliver an enhanced customer experience and security. Artificial intelligence plays a critical role in enabling consumer convenience, while delivering enhanced security. This advanced technology delivers greater insights from every transaction to assist in making even more accurate fraud decisions. “To fully realize the promise of our increasingly digital lives, we need to design our payment systems with the future in mind and that’s what we’re doing,” said Ajay Bhalla, president of enterprise risk and security for Mastercard. “Our unprecedented use of artificial intelligence on our network is already proving successful. With the acquisition of Brighterion, we will further extend our capabilities to support the consumer experience.” Brighterion’s unique Smart Agent technology will be added to Mastercard’s advanced suite of security products already using artificial intelligence. The resulting insights and capabilities from the combined team will deliver even greater accuracy and a new element in managing risk and protecting the consumer. “It all comes down to intelligent decisioning at the time of the transaction,” said Dr.…
Link to Full Article: Mastercard Enhances Artificial Intelligence Capability with the Acquisition of Brighterion, Inc.
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