Mastercard to Buy Brighterion, Boost Artificial Intelligence

Mastercard, Inc. (MA – Free Report) recently entered into an agreement to acquire leading software company, Brighterion, Inc. This acquisition aims at expanding its suite of capabilities to deliver enhanced customer experience and security. The transaction is presently subject to customary closing conditions and the terms of the agreementremain undisclosed. Brighterion is famous for its artificial intelligence offering, which is a crucial component for delivering consumer convenience along with ensuring security. This advanced technology captures information from every transaction that helps in making more accurate fraud decisions. Brighterion, via its unique Smart Agent technology, is expected aid Mastercard’s advanced suite of security products already using artificial intelligence. Both the companies look forward to delivering greater accuracy and a new element in managing risks and protecting consumers. Mastercard has always remained focused on inorganic growth as part of its long-term strategy. Recently, the company completed two buyouts of VocaLink and NuData Security. Both the deals have substantially complemented the company’s efforts to participate in new payment flows and enhance its safety and security offerings. Investors have viewed Mastercard’s inorganic efforts favorably. This is evident from its share price performance in last one year. The stock has rallied 38%, outperforming the Zacks…

Link to Full Article: Mastercard to Buy Brighterion, Boost Artificial Intelligence

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