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.

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