Visa has announced the launch of three AI-powered risk and fraud prevention solutions, set to be available in the first half of 2024. These solutions will be a part of Visa's Protect portfolio and aim to address the challenges faced by issuers in the digital fraud landscape. The solutions include Visa Deep Authorization, which manages card-not-present payments, Visa Advanced Authorization, which expands fraud risk management tools, and Visa Risk Manager, which focuses on instant payment processes. By utilizing advanced deep learning AI, these solutions will provide real-time risk scores, improving fraud defense mechanisms and reducing operational costs for financial institutions.

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