MA · News · 20260825N

Competition and Market Share

Mastercard Inc · 2026-08-25 · Importance 17 · Surprise 24

American Express reports the lowest fraud rate among major U.S. card networks, supported by its closed-loop structure and access to both cardholder and merchant data. The reporting contrasts Amex’s fraud-detection advantage with Visa and Mastercard, which rely on multiple third-party issuers and acquirers. Amex is also using artificial intelligence and machine learning to detect anomalies, prevent fraud, streamline investigations, and identify emerging fraud patterns.

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