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Email this11:06 am
December 17, 2016
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Outsmarting Fraudsters with Advanced Analytics
Ever wondered how your bank knew to call you when a thief attempted to buy a flat-screen TV on your Visa credit card? Or why your mobile banking app sent you an alert after a series of unusual transactions occurred on your Visa account at a gas station hundreds of miles from your home?
https://usa.visa.com/visa-everywhere/security/outsmarting-fraudsters-with-advanced-analytics.html
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Your transaction history is used to derive spending patterns specific to you, but it’s also used to make the entire system smarter.
It's taken them quite a period of time but, I believe they finally got it figured out for my spending habits!
2:02 am
October 21, 2013
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Yes, they are definitely getting better at this. I used to get account suspended just for shopping at more than one grocery store! - very annoying while at the cash register on a busy day. It was predictable that it would happen at least once a year. Even when I stood there in the grocery store on the phone explaining that, yes, I really did shop at two stores, they wouldn't let it go through. For this reason, among others, I always carry two cards.
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