BAKU, Azerbaijan, June 8. Mastercard will soon present a new service on the artificial intelligence (AI) platform in Azerbaijan, Emil Zeynalov, Mastercard's regional manager in Azerbaijan, told Trend.
"Artificial intelligence is not only new, but also a very popular and rapidly developing trend," Zeynalov pointed out.
The regional manager mentioned that Mastercard is integrating AI into technologies, including those being introduced to the Azerbaijani market as well.
"In the near future, we plan to introduce new services based on artificial intelligence platforms to our users. These services will be aimed at combating cyber security, cyber crime, and fraud in card transactions. Our partners will be able to use scoring to assess the security of transactions and provide a high level of protection for cardholders," he added.
To note, Mastercard is an international payment system that provides financial services, including credit, debit and prepaid cards.
It allows its holders to make cashless payments at millions of points of sale around the world.
Mastercard also provides technology solutions for banks, merchants, and other financial institutions.
Mastercard cards are accepted in many countries and are used for a variety of transactions, including in-store purchases, online transactions, cash withdrawals from ATMs, and other financial transactions.