Visa chooses London based “digital trust” technology provider to combat rise in fraud
Visa have chosen a London based “digital trust” technology provider as their preferred behavioural biometric digital and device intelligence identity provider.
Under the agreement, Visa will introduce Callsign’s behavioural biometric and device fingerprinting solutions to the Visa network of financial institutions, payment service providers (PSPs), and merchants across Europe.
Callsign joins the Visa Fintech Partner Connect programme giving banks, merchants and the wider card ecosystem access to Callsign’s Intelligence driven authentication solutions which positively identify consumers using inherent behavioural biometrics whilst detecting and preventing fraud.
The agreement comes at a time of spiralling fraud. Card not present fraud (CNP) accounted for 79 per cent of all card fraud across the Single European Payments Area and, figures from UK finance suggest that the money lost to Authorised Push Payment (APP) scams totalled nearly half a billion (£479 million) in 2020.
Amir Nooriala, CCO, Callsign said: “The need to accurately identify users online for digital payments and online banking is critical due to the shift to online transactions in the past 18 months.
“Financial services organisations are looking for the technology that provides the most secure, accurate and seamless user experience to incorporate into their solutions.
“We are pleased to be joining the Visa Fintech Partner Connect to work with Europe’s leading fintechs.”
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