HomeFinTechVisa's New Anti-Scam Unit Foils $350 Million in Fraud Attempts

Visa’s New Anti-Scam Unit Foils $350 Million in Fraud Attempts

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How Visa’s Innovative Approach is Changing the Game in Fraud Prevention

Highlights:

  • Visa’s new anti-scam unit has successfully thwarted over $350 million in attempted fraud.
  • The unit utilizes advanced technologies and data analytics to detect possible scams.
  • Collaborations with law enforcement and financial institutions enhance overall fraud prevention efforts.

Visa’s initiative to combat fraud through its newly established anti-scam unit has resulted in impressive savings by intercepting over $350 million in fraudulent attempts. The unit employs advanced technology and collaborates with key stakeholders to improve detection capabilities. This proactive measure aims to enhance financial security and build consumer trust in the payment ecosystem as fraud tactics evolve.

Rinsu Ann Easo
Diligent Technical Lead with 9 years of experience in software development. Successfully lead project management teams to build technological products. Exposed to software development life cycle including requirement analysis, program design, development and unit testing and application maintenance. Has worked on Java, PHP, PL/SQL, Oracle forms and Reports, Oracle, Bootstrap, structs, jQuery, Ajax, java script, CSS, Microsoft Excel, Microsoft Word, C++, and Microsoft Office.

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