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Visa, the global payment behemoth, recently unveiled 'Intelligent Commerce,' a service leveraging artificial intelligence to shop and purchase goods on behalf of consumers, adhering strictly to their pre-defined preferences. Furthermore, Visa has established a dedicated $100 million fund aimed at investing in companies pioneering generative AI technologies and applications in the realm of commerce and payments. This strategic move underscores Visa's profound dedication to AI, with the ambition of enhancing the payment experience and fostering business growth through AI-driven innovations. Similarly, Mastercard, another payment industry giant, has introduced 'Decision Intelligence Pro,' a cutting-edge AI model designed to bolster fraud detection capabilities within its network.
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