AI / MACHINE LEARNING

Visa rolls out offering of its AI-backed risk management solutions to non-Visa Transactions

Visa Protect suite and Advanced Authorization and Risk Manager for non-Visa card payments are some of the solutions that Visa is offering

(Image Source)

Visa

Due to the rise of the fraud and security risks in real-time and account-to-account transactions, Visa announced that it will roll out AI-based solutions for risk management accross it of its applications. Users outside of Visa’s network will be able to access this risk management solutions. 

Visa’s key risk and managment solutions include: 

• Visa Protect suite, a rebranded risk and identity suite, whcih leverages neural network and deep learning models. 
• Visa Protect, which is Visa’s Deep Authorization, which is designed to manage card-not-present transactions through transaction risk scoring, and 
• Advanced Authorization and Risk Manager for non-Visa card payments, which is a network-scheme-agnostic solution, availiable for non-Visa users to simplify their fraud operations.
• A real-time Account-to-Account Payment Protection, which is positioned by Visa as its first fraud-prevention solution built for instant transactions, including risk scoring for payments that move between accounts and digital wallets and which move over real-time rails as money is sent and received by banks.

Find out more about Visa’s Risk Suite – https://usa.visa.com/support/consumer/security.html