Fraud Alert
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Visa has introduced new tools to help banks prevent account-to-account (A2A) fraud.
The payments giant on Tuesday (Sept. 1) debuted an enhanced version of its A2A project, designed to offer real-time risk insights that help banks stop A2A fraud before funds leave customer accounts.
“Fraudsters move fast across payment types, and financial institutions need risk insights just as quickly, without slowing down legitimate payments,” James Mirfin, head of risk and security solutions at Visa, said in a news release. “A2A Protect combines Visa’s network expertise with Featurespace’s technology to deliver a powerful new layer of protection that helps financial institutions detect more fraud, earlier.”
According to the release, A2A Protect uses AI and transfer learning to provide immediate risk insights for account-to-account transactions, bypassing the need for local model training or…
Check your “Sent” folder in your email periodically to ensure there are no messages you didn’t send, which is a common sign that your email account has been compromised.