Visa introduces AI-powered fraud prevention tools

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Visa has expanded its business product suite with three new AI powered risk and fraud prevention tools.
 
The new products for business clients are part of the Visa Protect suite and are intended to reduce fraud in immediate account-to-account and card-not present payments, as well as transactions on and off Visa’s network. The new Visa Deep Authorization (VDA) is a transaction risk scoring tool designed to help manage CNP payments
VDA, which is powered by deep learning AI risk models and petabytes of contextual data, is intended to combat fraud while maintaining digital transaction experiences.
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TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.
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