SAN FRANCISCO – With heightened concern over plastic card fraud, Visa is expanding fraud detection capabilities to ATM transactions.
Visa said it will be integrating its Plus ATM network with its primary authorization system to provide real-time fraud protection on all Plus ATM transactions.
This means ATM transactions will go through Visa's Advanced Authorization process, which rates each transaction's fraud potential. Visa says the information is provided in less than two seconds.
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"As tech-savvy criminals look for new ways to attempt payment fraud, such as using stolen PINs, our job is to make sure we're staying a step ahead of them," said Jean Bruesewitz, senior vice president, Processing and Emerging Products for Visa.
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