US: Mastercard gains AI acquisition

MasterCard announced on Monday that it has entered into an agreement to acquire Brighterion, Inc., a leading software company specializing in artificial intelligence (AI) with which it has a long-running relationship. This acquisition will further expand its suite of capabilities that deliver an enhanced customer experience and security.

AI plays a critical role in enabling consumer convenience, while delivering enhanced security. This advanced technology delivers greater insights from every transaction to assist in making even more accurate fraud decisions.

Ajay Bhalla, president of enterprise risk and security for MasterCard said, “Our unprecedented use of artificial intelligence on our network is already proving successful. With the acquisition of Brighterion, we will further extend our capabilities to support the consumer experience.”

The closing of the transaction is subject customary closing conditions, including the expiration or early termination of the applicable waiting periods under the Hart-Scott-Rodino Act.

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