Payment Card Fraud Prevention in Tanzania, United Republic of

Introducing Visa Secure: A Robust System to Combat Payment Card Fraud

Visa has launched a comprehensive program to prevent payment card fraud in Tanzania, United Republic of. Known as Visa Secure, this system utilizes identity recognition technology to ensure that online payments are secure and prevent unauthorized usage of Visa cards.

How it Works

Under the Visa Secure program, banks can confirm the identity of the cardholder making online purchases with their Visa card. This added layer of security provides peace of mind for consumers, knowing that their personal details are protected in case of any untoward incident.

Zero Liability Policy: Additional Protection for Cardholders

Visa has also introduced a Zero Liability Policy, which guarantees that cardholders cannot be held responsible for any unauthorized payment made with their card or card details. In the event of a fraudulent transaction, cardholders can report the incident to their bank or card provider and request a refund, subject to prevailing regulations.

Best Practices for Cardholders

To further ensure the security of transactions, Visa encourages cardholders to:

• Monitor their accounts regularly
• Report any suspicious payments to their banks or card providers immediately
• Contact their bank to block the card in case of loss or theft
• Notify their banks immediately in case of any unauthorized use

What to Do if You’re a Victim of Online Fraud

For those who may have already fallen victim to online fraud, Visa advises immediate action to be taken:

• Contact your bank to block the card
• Complete necessary procedures with your bank
• Report the theft or loss of the card to the competent authorities when applicable
• Notify your banks immediately in case of any unauthorized use

Conclusion

With Visa Secure and Zero Liability Policy in place, consumers can shop online with confidence, knowing that every payment is secure and protected from fraud.