[…] Mastercard is leveraging artificial intelligence to revolutionize the checkout process. Executives at the company shared the key benefits like enhanced approval rates where AI can augment authorization messages with real-time data, reducing errors and optimizing transaction routing. Customer experience will be transformed with a faster and more efficient checkout process, recommendations for payment options, and fewer lost sales due to failed transactions. “This is the holy grail of optimization,” Sherri Haymond, co-president, global partnerships at Mastercard, said. (Source: PYMNTS) …