Visa Says New Anti-Fraud Unit Blocked $350 Million in Scam Attempts

Visa says its new anti-fraud disruption department saved potential victims $350 million last year.The company’s scam disruption practice, announced Tuesday (March 11), part of Visa’s Payment Ecosystem Risk and Control (PERC), which itself blocked $40 billion in attempted fraud in 2024.“Visa has invested over $12 billion dollars in technology over the last five years, including to reduce fraud and enhance network security,” Paul Fabara, chief risk and client services officer at Visa, said in a news release.“ ...