Visa seems to be quietly ramping up its anti-fraud technology and, as usual, is testing the technology in Australia.
The latest anti-fraud system out of the gate is something called VRM, short for Visa Rules Manager, an Web-based intelligent decisioning service that is billed as using risk information from several sources.
According to Visa, VRM is capable of making intelligent decisions, since it can see all the transactional traffic from the retailer concerned, as well, as of course, transactions on an individual's card account.
This is important, says Visa, as it could detect - for example - that 30 cards issued by 30 card issuers are being used suspiciously at a single electronics retailer, and stop a major fraud in progress in real time, rather than working retrospectively as current anti-fraud systems do.
Check out more on this interesting anti-card-fraud system here: