Visa International has upgraded its fraud reduction system, saying the features it added could save $25 million in fraud losses for one year.

Risk Identification Service, which is designed to cut merchant fraud, has been "redesigned, updated, and made a lot more convenient for users to get information from," said Allan Trosclair, vice president of fraud control for Visa U.S.A.

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.