Visa Extends Fraud-Recovery Process to PIN-Debit Transactions

Visa Extends Fraud-Recovery Process to PIN-Debit Transactions

Posted by John B. Frank Wednesday, May 28, 2008

(May 28, 2008) Visa Inc. is extending to PIN debit cards a process for reporting and recovering fraud losses from data breaches. In effect for credit cards and the Visa check cards since October 2006, the process, dubbed Account Data Compromise Recovery, will apply to Visa’s Interlink point-of-sale debit and Plus ATM networks beginning Nov. 1st.

The extension of ADCR’s provisions is not the result of any spike in PIN-debit fraud, according to Dave Van Horn, senior business leader, global fraud risk products. Rather, it’s an effort to streamline the fraud-recovery process for issuers and make it more it predictable for merchant acquirers, he says. “What we’re trying to do is align and simplify the process on behalf of our members,” Van Horn tells Digital Transactions News. “The process that used to exist for signature-based transactions exists for PIN-based ones.” Recently enhanced fraud-reporting systems for the debit networks make extending ADCR to Interlink and Plus transactions feasible, a Visa release says. (Continue Reading at Digital Transaction News)

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