Visa to combat card fraud

By

Visa is to step up the fight against crime by releasing a fraud detection tool to a variety of European banks.

Visa is to step up the fight against crime by releasing a fraud detection tool to a variety of European banks.


 

Visa intelligent scoring of risk (VISOR) is a tool that scrutinises card transactions to highlight irregular patterns of spending, the company claims. Visa is hopeful that the scheme will minimise losses on card transactions.

 

Visa partnered with decision technology firm Fair Isaac to create the product, which was piloted by Barclays Bank International in Germany, ICS in the Netherlands and the Nationwide Building Society.

 

The initiative is the latest in anti fraud schemes by the company. Others include a four-digit number instead of a signature, and an online cardholder authentication service.

 

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:
combatfraudsecuritytovisa

Sponsored Whitepapers

Digital Transformation That Works in the Real World
Digital Transformation That Works in the Real World
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Transforming IT for the Hybrid Era
Transforming IT for the Hybrid Era
Powering secure AI at the Edge: What you need to know before it’s too late
Powering secure AI at the Edge: What you need to know before it’s too late
Ditch the Spreadsheets. Build a System That Grows With You.
Ditch the Spreadsheets. Build a System That Grows With You.

Events

Most Read Articles

AI coding threatens to make common security flaw more prevalent

AI coding threatens to make common security flaw more prevalent
"ReVault" firmware flaws allow persistent access in Dell laptops

"ReVault" firmware flaws allow persistent access in Dell laptops
NSW greenlights central database for compromised IDs

NSW greenlights central database for compromised IDs
Confusion reigns as phishers abuse Exchange Online Direct Send

Confusion reigns as phishers abuse Exchange Online Direct Send
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?