Visa USA adds tool to its credit card antifraud arsenal

Wednesday, 15 June 2005, 2:50 AM EST

Aiming to reduce credit card fraud, Visa USA Inc. has launched a security tool that allows merchants to instantly check transactions in stores or online, so they can identify fraud before a transaction is completed.

In an announcement today, the San Francisco-based credit card company said its new "advanced authorization" system is expected to help prevent an estimated $164 million in fraud-related losses over the next five years.

By Todd R. Weiss at Computerworld.

[ Read more ]




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