Visa Adds a Fraud Score for Account-to-Account Transactions – Digital Transactions
With account-to-account transaction growth forecasted by Juniper Research to increase 83% by 2030, card brands and financial institutions are readying more fraud-prevention measures. The latest is a fraud score for A2A payments from Visa Inc.
Announced Tuesday, the updated version of Visa’s A2A Protect service now includes a fraud score, its first in-market integration of Featurespace tech. This will help banks and credit unions better assess the potential risk of A2A payments, Visa says. Visa acquired the anti-fraud tech company in 2024. That same year Visa announced A2A Protect.
Financial institutions can get critical updates on fraud trends immediately via A2A Protect, Visa says. Banks that opt in can receive additional network-level signals to boost the detection prospects. This type of data may be difficult for a single financial institution to develop, Visa says.
A2A Protect also can provide reason codes that incorporate AI and identify hotspots that can reveal emerging scam patterns and coordinated activity across institutions, Visa says on the A2A Protect Web site. These additional signals and the network benefit can help identify scams before authorization. Visa’s data says fraud detection increases by 75% in the first six months of deployment.
Visa says the integration involves a single API code. A2A Protect alerts are displayed in plain language and explain why a transaction was flagged.
