<ul><li>Payments giant Visa has established a specialized Scam Disruption practice to tackle emerging fraud schemes and protect consumers.</li><li>The newly formalized group operates under Visa’s Payment Ecosystem Risk and Control (PERC) division and prevented more than US$350 million in attempted scams in 2024.</li><li>The Visa Scam Disruption (VSD) team employs a three-pronged approach to scam mitigation: scam intelligence, proactive investigations, and detection and disruption.</li><li>Visa collaborates with financial institutions, law enforcement agencies, intelligence firms, and industry working groups to shut down fraudulent operations and strengthen the ecosystem’s ability to detect scams.</li></ul>

Visa Sets Up Scam Disruption Team, Blocking US$350 Million in Fraud

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