Visa reveals suite of security capabilities for fraud prevention

Monday 4 November 2019 13:32 CET | News

Visa has announced the launch of a suite of security capabilities in a bit to help prevent and disrupt payment fraud.

The new payment security services and capabilities aim to protect the integrity of the payments ecosystem. This is done by detecting and disrupting fraud threats which target financial institutions and merchants. Visa clients are allowed access to the new capabilities at no additional cost or sign-up.

Moreover, through the payment security capabilities, Visa’s goal is to protect the core components of the ecosystem — people, data, and infrastructure. The new security capabilities include:

  • Visa Vital Signs – monitors transactions and alerts financial institutions of potential fraudulent activity at ATMs and merchants;
  • Visa Account Attack Intelligence – applies deep learning to Visa's number of processed CNP transactions to identify financial institutions and merchants that hackers may be using to guess account numbers, expiration dates, and security codes through automated testing;
  • Visa Payment Threats Lab – creates an environment to test a client’s processing, business logic, and configuration settings to identify errors leading to potential vulnerabilities;
  • Visa Ecommerce Threat Disruption – a proprietary solution that uses sophisticated technology and investigative techniques to proactively scan the front-end of ecommerce websites for payment data skimming malware.

More: Link

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Keywords: Visa, security, fraud prevention, payments , fraud, data, accounts, threats, transactions , financial institutions, hackers, vulnerabilities, malware, ecommerce
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime