Mastercard’s efforts add to those of several companies looking at ways to prove real from fake.
The company’s access to a vast well of user payments data could go a long way in creating far more powerful models.
The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.
One study projects the continent’s digital payment ecosystem will grow 30% a year through 2025.
The mega bank intends to buy the fourth-leading credit card network in the US.
This signals that financial institutions are seeking to make blockchain safer, though it challenges the decentralized nature of the tech.
Given that it handles trillions in transactions a year, it makes sense that the credit card provider wants to beef up security protocols.
Mastercard’s blockchain scalping detector could take on Ticketmaster, one expert told Patent Drop.