Visa Launches Credit Card Fraud Prevention Measures to Protect Local Businesses in Dominica

Combating Credit Card Fraud in Dominica’s Business Community

Credit card fraud is a growing concern for merchants in Dominica, with criminals using sophisticated tactics to steal sensitive information and make illegal purchases. In response, global payments technology company Visa has introduced a range of measures aimed at preventing fraudulent transactions.

Preventing Credit Card Fraud: What You Need to Know

• Verify the cardholder’s identity and check the card’s security features before processing payment when accepting cards in person.
• When transactions occur without physical presence (online or over-the-phone purchases), use only secure, validated payment applications to minimize the risk of fraud.

Visa Secure: An Additional Layer of Protection

Visa Secure is a service that requires cardholders to enter a password to verify their identity, which is then confirmed by the card issuer in real-time. This added layer of security helps prevent unauthorized transactions and protects merchants from financial losses due to fraudulent activity.

Partnership with CyberSource

Visa has partnered with CyberSource, a leading provider of online payment processing and fraud management solutions, to help merchants streamline their payment security and reduce the risk of fraudulent transactions.

Vigilance and Trustworthiness: Key Factors in Preventing Credit Card Fraud

• Be cautious of sales that seem too good to be true.
• Verify the authenticity of large orders or transactions from unfamiliar customers.

Resources for Merchants

Visa has provided a range of resources for merchants looking to learn more about preventing credit card fraud and protecting their businesses. With these measures in place, Dominica’s business community can be confident that they are well-equipped to combat the growing threat of credit card fraud.