Mastercard has developed a new AI tool called Consumer Fraud Risk which helps banks to stop people from sending money to scammers. It could help prevent the loss of £100 million every year.
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HSBC and TSB Bank are the latest banking institutions in the UK to suffer major disruptions to their mobile and internet banking services. For its part, HSBC says some services have been restored.
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Google's Android Pay is expanding with support for Chase, Santander and TSB. The mobile payment platform will also support rewards programs from Walgreens, Chili's and Dunkin' Donuts.
