Fraud Monitoring
Working with your financial institution to help prevent fraud
Security Concern
“Is someone monitoring for suspicious or unusual activity?”
Solution
Rest easy. Visa is watching your account for unlikely transactions.
Benefits
This early warning system ensures that fraudulent purchases are spotted as quickly as possible.
How it Works
By monitoring activity, Visa, financial institutions, and merchants can proactively reduce fraud.
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On this page
How we do it
Working alongside financial institutions and merchants, Visa continually monitors your account to detect suspicious or unusual activity. By taking these steps, Visa is able to work proactively to reduce fraudulent transactions.
Here are some of the red flags that may indicate fraudulent activity:
- Shipping address is different from the billing address. Or the shipping address has suddenly changed.
- Unusually large purchase compared to normal purchase patterns for the account in question.
- Change in name on the account
- Change in date of birth or social security number.
What you can do
The majority of identity fraud crimes are self-detected. You can be your own fraud monitor just by paying close attention to your bank statements, particularly online. According to a recent report by Javelin Strategy and Research, accessing accounts online provides earlier identity theft detection compared to monitoring monthly paper statements and bills. If you notice a suspicious transaction, promptly contact your financial institution to report it. By following these simple steps, you will be able to better protect your card from unauthorized use.
