Deutsche Bank is leveraging artificial intelligence technology from Visa subsidiary Cybersource to provide merchant customers with a fraud risk score for individual transactions.
The ‘Decision Manager’ application utilizes risk models and comprehensive intelligence derived from billions of data points on the Visa network. This capability allows legitimate transactions to be expedited while preventing suspected fraudulent ones from proceeding. The service is designed for small, medium-sized, and large enterprises.
Denise Burkett-Stus, head of Cybersource Europe, noted that in 2021, Decision Manager successfully averted over $22 billion in potential fraud globally. She emphasized that “Cybersource assists Deutsche Bank in balancing the need for seamless payments with the imperative of keeping their clients’ businesses secure.” Burkett-Stus added, “By combining insights from skilled managed risk analysts with a proven decision engine, we can integrate safety and convenience into every payment experience.”
Kilian Thalhammer, head of merchant solutions at Deutsche Bank, remarked, “The collaboration with Visa and Cybersource enables us to offer merchants a new approach to risk management. As a result, our clients benefit from enhanced services that reduce complexity.”