Mastercard is enhancing its fraud prevention measures by leveraging advanced AI technology to detect and mitigate fraudulent transactions in real-time. The new system aims to provide more accurate risk assessments and improve the overall security of digital payments for consumers and businesses alike. Additionally, Mastercard is collaborating with various partners to strengthen the efficacy of its fraud detection tools.

A new lawsuit has been filed in New York targeting Zelle over a series of scams involving unauthorized transactions. The plaintiffs claim that the payment service failed to protect users from fraud, resulting in significant financial losses. The case highlights growing concerns about the security of digital payment platforms.