Alto Global Processing: Visa Antifraud Efforts a Boon for Pay-at-the-Pump Gas Stations

Visa recently announced it has enhanced its Visa Advanced Authorization risk-management tool to better root out fraud, especially for gas stations that accept card payments at the pump. The enhancements will affect fraud prevention in all transactions across its network by adding more transactional history data and analysis to the account profiles that are a major part of the risk scores provided to issuers during authorization. San Francisco-based Visa said the enhancements include “additional risk indicators specific to Automated Fuel Dispensers transactions” that can increase the effectiveness of fraud detection in the segment by up to 266 percent for debit transactions and 163 percent for credit.

“Cardholders, merchants and issuers all want to have confidence in the convenience and the security of every Visa transaction,” said Mark Nelsen, head of risk and authentication products, for Visa Inc. “The great improvements we've made in Advanced Authorization this year were designed to do just that: fight fraud and its costs to financial institutions and merchants, while also ensuring legitimate transactions are handled with the speed and convenience that consumers and merchants want.”

Source: http://cardnotpresent.com/
Link to Card Not Present Article: Click Here 

For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing Please visit Alto Global Processing
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Alto Global Processing: MasterCard and Western Union partner for cross-border payments solution

MasterCard and the Western Union Company have partnered to announced an international payments service that will increase the flexibility with which small and medium-sized businesses can conduct cross-border trade.

The new direct foreign exchange capability will be provided by Western Union Business Solutions, the business payments unit of the Western Union Company, and available to all companies that use the MasterCard Business Network, an online resource that helps streamline business operations and enhance productivity for small and mid-sized businesses. 

“At MasterCard, our goal is to help small and medium-sized businesses compete and succeed in an increasingly global market by providing the resources, tools and products they need to thrive,” said Jay Singer, group head, U.S. commercial products, MasterCard. “Our new service with Western Union will give these businesses an added option for situations when a vendor may not accept credit card

payments, or when business card limits may be insufficient for a specific invoice.”

“Over 95% of American importers in 2011 were small and medium-sized enterprises, which demonstrates how significant they are to the American economy,” said Raj Agrawal, President, Western Union Business Solutions.“Working with global partners and managing international cash flow is clearly an important part of their operations. I am delighted to be working with MasterCard to help SMEs be as competitive as possible in the global marketplace, whether they trade with near neighbors such as Canada or countries as far away as Kenya, Indonesia and Brazil.”

Source: http://www.paymenteye.com/
For Full Announcement Please Click Here 

For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing Please visit Alto Global Processing
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