Visa targets cross-border card fraud

Powered by SC Magazine
 

Upgrades authorisation system.

Visa has upgraded the operating system powering its global transaction authorisation platform in a bid to identify potentially fraudulent payments faster.

The company said in a brief statement that it made the upgrade last year.

It said the new system could process more complex data mining and analysis at once. "improving the company's ability to detect and prevent fraud in near real-time".

Visa said the new system could detect patterns in transactions globally, allowing the company to track fraud occurring outside a cardholder's home country.

It expected the new system would lead to a three-fold increase in the amount of cross-border fraud identified, although Visa did not say from what base it made that assumption.

Copyright © iTnews.com.au . All rights reserved.


Visa targets cross-border card fraud
 
 
 
Top Stories
 
 
IAG hands digital chief his own ‘Labs’ division
Enterprise ops chief squeezed out in restructure.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should law enforcement be able to buy and use exploits?



   |   View results
Yes
  14%
 
No
  51%
 
Only in special circumstances
  17%
 
Yes, but with more transparency
  18%
TOTAL VOTES: 790

Vote