Visa Rolls Out a New Set of Security Tools towards Payment Fraud
September 24, 2019
Visa Inc. is offering a new set of security products to come to the rescue of payment providers, ecommerce retailers, and shoppers who’ve been looking for ways to recover from the never-ending cyber attacks.
Visa’s new suite is looking to help industry players combat payment fraud and build stronger disruptive defenses against cybercriminals.
Here’s Visa Inc.’s new list of new security tools and how they will prevent against payment fraud:
- Vital Signs: This solution will check for signs of fraud in ATMs and notify banks. It will also alert retailers of possible ATM cash-out breaches.
- Payments Threat Lab: It is a testing lab where banks can test payment processing, configuration, and business logic to spot mistakes that could leave loopholes.
- Account Attack Intelligence: This security system uses machine learning to safeguard against deceitful CNP transactions.
- E-Commerce Threat Disruption: This solution will scan the front-end of business websites to detect malware that spies on payment-related data. Visa’s scanning process may help websites spot possible threats and reduce the lifetime of malware on a website, thus minimizing the exposure of confidential client and payment information.
Visa’s collection of security features comes at a time when digital payments are more …
