By implementing Visa Device Profiling, individual banks can compare their fraud profile with country and regional benchmarks and upgrade those ATMs which are particularly prone to attacks. Set to detect sudden shifts in ATM use, Visa Device Profiling has been developed for both card issuing banks, who can use it to manage ATM fraud losses and minimise the number of inappropriately declined transactions, as well as for organisations that manage ATMs, by enabling the latter to identify suspect ATMs within their business.
Most recently, Visa Europe has completed the migration to a new inter-bank processing platform in a bid to provide its member banks with an ACH (authorisation, clearing and settlement) system designed exclusively to meet European requirements.
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