Visa USA adds antifraud tool
Visa touted its new antifraud tool tool that "allows merchants to instantly check transactions in stores or online, so they can identify fraud before a transaction is completed."
Visa's announcement:
Jean Bruesewitz, a senior vice president of processing and emerging products for the company, said advanced authorization adds 10 bytes of additional information to the data sent to card-issuing banks and card-processing companies after a credit card is used. That new information provides a vertical view of the previous and existing spending patterns on the card account and a horizontal look at transactions occurring in real-time across the credit card network.
Posted by volubis at June 15, 2005 12:10 AM