[…] Mastercard leverages artificial intelligence to revolutionize the payment process. Company executives shared key benefits such as improved approval rates where AI can augment authorization messages with real-time data, reducing errors and optimizing transaction routing. The customer experience will be transformed with a faster and more efficient checkout process, recommendations on payment options and a reduction in lost sales due to failed transactions. “It’s the holy grail of optimization,” said Sherri Haymond, co-president of global partnerships at Mastercard. (Source: PYMNTES) …