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Mastercard spent decades training its fraud system to see bots as thieves. Now bots are the ones doing the buying.
Every time a Mastercard gets tapped, the network has less than a tenth of a second to judge how likely the purchase is to be fraudulent. It made that call across 175 billion transactions last year. No [...]
What AI builders can learn from fraud models that run in 300 milliseconds
Fraud protection is a race against scale. For instance, Mastercard’s network processes roughly 160 billion transactions a year, and experiences surges of 70,000 transactions a second during peak pe [...]
Apple, Mastercard and Visa's antitrust lawsuit over payments has been dismissed
Apple, Mastercard and Visa have successfully dodged a lawsuit that claimed the companies were colluding to maintain the current status quo in point-of-sale-payment card services, Reuters reports. The [...]
Mastercard took down payments across Australia with a scheduled update
Mastercard transactions were declined across Australia on Saturday afternoon after what the company describes as a scheduled system update, with more than 1,900 outage reports logged by mid-afternoon. [...]
CivitAI Tightens Deepfake Rules Under Pressure From Mastercard and Visa
CivitAI, possibly the most popular AI model repository on the internet, has finally conceded to pressure from payment facilitators MasterCard and Visa to radically revise their policies on NSFW conten [...]
VILE: Exhumed is an unjust casualty in Steam's sweeping censorship campaign
Over the past few weeks, thousands of video games have been banned, removed and delisted from Steam and Itch.io. The justifications for doing so have been almost comically vague, and at least one high [...]
The AI Revolution Is a Data Revolution: Why Storage Matters More Than Ever
Easy access to data and the ability to utilize it in meaningful ways have always been important, but in the era of AI, machine learning, and data analytics, it has become absolutely essential. The glo [...]