VISA Investigating Location Based Payment Fraud Detection

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The Discussion

  • User profile image

    Intermingling of other devices, body parts, or prints with the security of a credit card just gives the bad guys an enhanced need to do more than just pick a pocket.

  • User profile image

    This would be great, whenever I go up to Canada (which is where my family lives and is only a couple of hours away), my Visa stops working after I've used it once or twice in Canada. Then I call the bank, they reactivate it... yada yada. Pretty annoying, but I do appreciate the security. The concept you describe would be an improvement over the bank's suggestion that I call them before I travel.

  • User profile image

    This is really interesting news—I’m sure other companies will follow Visa’s lead and test out using location-based services for fraud detection. This could work pretty well, but again there would be an issue if someone steals your phone and your wallet. Do you have any idea when Visa plans to implement this?

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