Mobile Location Confirmation reduces the need for pre-travel phone calls and transaction confirmations by considering the geo-location of the cardholder’s phone when authorizing purchases at the point of sale. Issuers can more confidently approve transactions when their cardholders make purchases while travelling.
Risk and Fraud
Make payments more secure with APIs that can help catch fraud in real time or give customers more control over their cards.
Mobile Location Confirmation
71% of cardholders say they would adopt cards with geo-location security.
Source: Finsphere Card Fraud Research, PSB, April 2012.
46% of cardholders say they would use their card more.
Source: Finsphere Card Fraud Research, PSB, April 2012.
21% of cardholders would be open to switching cards to receive the benefit.
Source: Finsphere Card Fraud Research, PSB, April 2012.
How Mobile Location Confirmation works
- In the issuer’s mobile banking app, the cardholder enrolls in the service.
- When the cardholder’s phone is on, it sends its current location to the issuer and Visa.
- At the point of sale, Visa will determine if the cardholder’s phone is within proximity of the merchant’s location and will provide that information to the issuer in the authorization request.
- The Visa Advanced Authorization score is also updated with the geo-location analysis, providing the issuer with additional data and confidence.
Available APIs
Enrollment
Registers the cardholder’s mobile devices and account numbers with Visa.
Location Agent
Captures the cardholder’s phone location and communicates it to the issuer’s mobile banking application.
Location Update
Sends the location of the cardholder’s mobile device from the issuer’s host system to Visa.
Visa Transaction Alerts
Visa Transaction Alerts give cardholders a near-real-time view of the transactions conducted on their enrolled Visa cards. With Visa Transaction Alerts, cardholders can more actively manage their personal finances and catch fraudulent activity on their cards early. Cardholders can select the types of alerts and the threshold settings that will trigger personalized notifications to them through their choice of email and/or SMS.
How Visa Transaction Alerts works
- Consumers, through their issuers, choose the particular alerts they want to activate (such as purchases greater than $X, purchases outside their home country, or ATM withdrawals) and select their preferred delivery channel (email or SMS).
- Whenever a cardholder makes a purchase using his or her enrolled card at a store, over the phone or through the internet, the details of the transaction are compared to the alert triggers that have been set.
- If any one of those alerts is triggered, Visa Transaction Alerts sends a real-time message with the transaction details to the cardholder’s mobile phone (as anSMS text message) or email address.
Available APIs
Manage Communities
Provides information about the Communities that have been established for a client.
Manage Portfolios
Provides information about a client’s Portfolios within a Community and the Service Offerings defined for them.
Manage Customers
Enrolls or unenrolls cardholders and their eligible cards, manages their contact information, and sets their Service Offering selections.
Replace Card
Replaces an enrolled card with a new one if the original card is lost, stolen, or expired.
Manage Notifications
Retrieves the Notifications that have been sent to cardholders and provides the ability to create and send custom Notifications to cardholders.
Visa Consumer Transaction Controls
Visa Consumer Transaction Controls allows cardholders to place restrictions on their enrolled cards that define when, where, and how those cards can be used. Cardholders can turn their cards on and off or can restrict their use in certain situations using a number of different triggers and thresholds. By offering transaction controls to their cardholders, issuers can give consumers greater control over their spending and the security of their accounts.
How Visa Consumer Transaction Controls works
- Cardholders set usage restrictions on their cards through their issuers’ mobile and online banking applications.
- Issuer configures rules on behalf of the customer and notifies Visa.
- Whenever the cardholder makes a purchase, Consumer Transaction Controls checks the transaction data in the authorization request against the list of customer pre-defined rules and recommends an action for the issuer to take.
- The issuer then notifies Consumer Transaction Controls of the approval or decline decision that was made so that appropriate alerts can be sent to the cardholder.
Available APIs
Customer Rules
Allows cardholders to enroll or unenroll their cards; set, change, or delete restriction rules and thresholds; and request that alerts be sent when qualifying events occur.
Program Administration
Enables clients to configure and administer the control settings they want offered to their customers.
Notification Callback
Notifies the client that an alert message has been generated that should be delivered to the cardholder.
Validation
Compares the details of a given authorization request to the rules and thresholds set by the cardholder and returns a recommendation to approve or decline the transaction based on the cardholder's setting.
Enrollment Callback
Notifies the client that a cardholder has activated or deactivated their rules settings.
Visa Token Service
The Visa Token Service (VTS) replaces sensitive account information, such as the 16-digit primary account number, with a unique digital identifier called a token, allowing payments to be processed without exposing actual account details. Issuers, merchants, and wallet providers can deliver secure mobile payment applications, gain access to third-party digital payment experiences, or securely maintain cards on file in order to offer their customers safe ways to shop online and with mobile devices.
50B new connected devices by 2020.
Source: The Internet of Things, Cisco, 2011.
367% growth in consumers paying with connected devices while shopping in store.
Source: Total US Retail Sales Top $4.5 Trillion in 2013, emarketer.com, April 2014. Based on 2014 CAGR estimates for 2018 forecast.
$562B Mobile payments expected to reach $562B by 2018.
Source: US Mobile In-Store Payment Volume Forecast, BI Intelligence. Based on 2014 estimates for 2018 forecast.
How Visa Token Service works
- Cardholder enrolls their primary account number (PAN) in Visa Token Service via their issuer, an online merchant, or a mobile wallet provider.
- The merchant or wallet provider requests a token from Visa and replaces the cardholder’s PAN with the token. Depending on the circumstances, the issuer may have the option to approve the token.
- Visa stores the relationship between the PAN and token in its secure Token Vault.
- When the cardholder makes a purchase, the merchant or wallet provider submits the transaction with the token. Visa replaces the token with the PAN before forwarding the authorization request to the issuer.
Available APIs
Enroll PAN
Enrolls a PAN in the token service and receives card art and card metadata.
Get Payment Data with Token
Requests a cryptogram for an e-commerce transaction with a provisioned token.
Get Card Metadata
Gets the card art and card metadata for the underlying PAN.
Provision Token APIs (2)
Request and receive a token using either a PAN or a PAN Enrollment ID.
Manage Token Lifecycle APIs (4)
Retrieves current status or changes the status of a token (active, suspend, resume, delete).
Notifications
Notifies token requestor that the status of PAN or token has changed.