$GTCH "The AI constantly monitors and supervises. So for every transaction it's connected to the credit card system and the AI is informed about every charge, and does the analytics per card."

"It will choose which account and credit card to be used based on intelligent analytics that will be done at the time. So once the AI starts studying and learning about the user's credit accounts, it will know more and more with time which card to use when and how for the best interest of the user."

Credit card, fintech, and digital payments giant Visa, as early as 2019, employed AI in its Visa Advanced Authorization, which uses predictive analytics to identify real-time fraudulent transactions. The company reported that in 2021 it had helped financial institutions prevent more than $354 million AUD in fraud from impacting Australian businesses by leveraging its AI technology.

Visa's Head of Risk for Australia, New Zealand and South Pacific, Carolina Gallegos, said:

"Trust underpins everything we do at Visa, including our approach to innovation. We are investing more heavily than ever in systems resilience, fraud management and cybersecurity, including tokenisation, AI and blockchain-based solutions to bring even more security to ecommerce and Australian businesses."

Gallegos went on to say:

"Put simply, commerce is moving online, so fraudsters are focusing their efforts online and Visa's AI security helps make every single split-second assessment more sophisticated. A lot of the time, breaches can happen months before actual fraud takes place, so we help businesses identify if they have been a victim early on and take action before it occurs,"