To ensure that continued growth and profitability are not threatened by mounting fraud losses, Visa is implementing a broad range of programs which control criminal risk. Few fraud-related issues have received more attention from members in recent years than the problem of magnetic stripe counterfeiting.

But Visa members now appear to be getting the upper hand in their fight against this kind of electronic counterfeiting by equipping their cards and merchants with Card Verification Value (CVV) technology in the Asia-Pacific region alone, CVV is helping Visa members stop more than half a million dollars in counterfeit losses every month.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.