E-payment is easy and convenient but as with any forms of payment there are certainly some risks involved with card fraud being one of the major concerns.
To step up security and protection for India's banks and users/consumers, Visa introduced a new technology with Visa Advanced Authorization (VAA) and Visa Risk Manager (VRM). The technology is able to detect incoming threats or suspicious transaction and shut down the transaction immediately. The new technology has already been adopted by several Indian banks, hoping to continue to build trust between the company and the consumers.
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