Silkbank, Visa team up to reduce fraud and false declines

Thursday 14 January 2021 13:23 CET | News

Silkbank has partnered with Visa to utilise their ‘Visa Consumer Authentication Service’ (VCAS), which provides the bank risk-based authentication to reduce fraud and false declines through an improved online authentication service.

Silkbank Limited is a credit card issuer, and the bank’s Visa credit cards offer cardholders premier benefits, multiple layers of security, reliability, and global acceptance. According to The News, with the growing focus towards digitalisation in the post-COVID economy, the banks must provide ease and facilitation to their customers to perform online transactions.

The initiative aims to provide customers with unmatched convenience and will enable Silkbank to offer smarter authentication decisions and deliver the secure and seamless payment experiences consumers seek. 

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Keywords: Silkbank, partnership, Visa, fraud, false declines, COVID-19, coronavirus, pandemic online transactions, security, authentication
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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