FE Today Logo

News Briefs

Visa launches Future of Security Roadmap in Bangladesh

September 17, 2020 00:00:00

Visa, the global payments technology company, launched its Future of Security Roadmap for Bangladesh, with a detailed plan to further strengthen payment security over the coming three years. Today, as more people transact digitally online, through mobile devices and with a number of new users entering the payments ecosystem, the launch of Visa's roadmap is both timely and relevant in helping Bangladesh embrace and grow digital payments with security and confidence. This blueprint to payment security includes the adoption of EMV® 3DS protocol by alllocal issuers of Visa credentials. In addition, Visa recommends that merchants support in-app tokenization for mobile transactions and payment security. By tokenizing customers' credentials, merchants can add another layer of security and better manage the customer journey and payment data. The roadmap also envisages ATM EMV migration to further secure the ecosystem and clients further strengthening their capabilities by deploying real time fraud monitoring tools. Launching the Visa Future of Security Roadmap ('the Roadmap'), Visa's Head of Risk for Asia Pacific, Joe Cunningham said, "The global pandemic has driven more consumers and businesses across the world to adopt digital commerce.

— Statement

Share if you like