fraudulent transaction

Visa actively upgrades security: now it can prevent fraud in "near real-time"

January 14, 2011 - 4:47am | Fraud | News

Visa continues its course of strengthening fraud detection through investments in modelling software. The global payments network states that now it is detecting over twice as much fraud on the riskiest transactions using the new systems. Besides, it can also detect more than three times the amount of fraudulent cross-border fraud than was previously identified.

Visa has implemented a number of alterations to update its global processing platform, called VisaNet, developing new fraud models that enhance the speed and accuracy with which Visa detects attempted payment card fraud.

credit card fraud | fraud detection | fraudulent transaction | online fraud | Visa

3 points

PSCU enables cardholders to lock their plastic cads against fraud

August 17, 2009 - 11:37am | News | Plastic cards

PCSU Financial Services introduces a new card fraud prevention tool which will provide credit union cardholders with an unprecedented degree of control over the credit and debit cards. The new service known as CardLock allows cardholders from PSCU Financial member credit unions to, with a phone call, turn their credit and debit cards off or on, in effect locking or unlocking them.

0 points

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