Visa Strengthens Fraud Prevention With New Scam Disruption Initiative

Visa Inc. V recently unveiled its Scam Disruption (VSD) practice, poised at preventing complex online scams. This department is under the Visa Payment Ecosystem Risk and Control (PERC) and has prevented more than $350 million in fraud attempts in 2024 alone. This initiative strengthens Visa's commitment to protecting consumers and financial institutions while bolstering its market leadership.This move bodes well for Visa, enhancing its ability to detect, investigate and neutralize fraudulent activities. Utilizing cutting-edge Artificial Intelligence and human expertise, the company is proactively shutting down sophisticated scam networks. The advanced fraud prevention capabilities will likely translate into increased trust among consumers, merchants and financial institutions, leading to stronger client retention and acquisition.This initiative is expected to support Visa’s bottom line by reducing chargeback losses and fraud-related operational costs. By leveraging proprietary technologies, the company not only mitigates immediate scam threats but also establishes a long-term security framework that could attract more institutional partners looking for robust fraud prevention measures.Ultimately, Visa's investment in scam disruption solidifies its reputation as a trusted payment network. In the near term, this could drive higher transaction volumes, increased revenues from fraud prevention services and an enhanced competitive edge in the global financial ecosystem. This initiative ensures that Visa remains at the forefront of securing digital payments, fostering growth and customer confidence.Furthermore, Visa's collaboration with law enforcement and industry partners amplifies its credibility as a leader in payment security. The dismantling of nearly 12,000 fraudulent merchants through this initiative showcases the effectiveness of its intelligence-led approach.Visa's Price PerformanceShares of Visa have gained 16.5% in the past year compared with the industry’s 13.1% growth.Image Source: Zacks Investment ResearchV’s Zacks Rank & Key PicksVisa currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Business Services space are Sezzle Inc. SEZL, PayPal Holdings, Inc. PYPL and Remitly Global, Inc. RELY. Sezzle currently sports a Zacks Rank #1 (Strong Buy), and PayPal Holdings and Remitly Global carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The bottom line of Sezzle outpaced estimates in each of the last four quarters, the average surprise being 142.4%. The Zacks Consensus Estimate for SEZL’s 2025 earnings indicates an improvement of 19.9% from the year-ago figure. The same for revenues implies growth of 30.4% from the prior-year tally. The consensus mark for SEZL’s 2025 earnings has moved 5.2% north in the past 30 days.PayPal’s earnings outpaced estimates in each of the trailing four quarters, the average surprise being 14.3%. The Zacks Consensus Estimate for PYPL’s 2025 earnings indicates an improvement of 8% from the year-ago figure. The same for revenues implies growth of 3.7% from the year-ago actual. The consensus mark for PYPL’s 2025 earnings has moved 2.2% north in the past 30 days.The bottom line of Remitly Global outpaced estimates in each of the last four quarters, the average surprise being 58.8%. The Zacks Consensus Estimate for RELY’s 2025 earnings indicates an improvement of 115.8% from the year-ago figure. The same for revenues implies growth of 24% from the prior-year tally.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Visa Inc. (V): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Remitly Global, Inc. (RELY): Free Stock Analysis Report Sezzle Inc. (SEZL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks