SBP warned of fraud calls to collect personal information

Islamabad, April 6, 2020: The State Bank of Pakistan (SBP) has taken additional measures to facilitate bank customers that are faced with extraordinary challenges arising out of COVID-19 situation in the country. Now banks’ customers can approach SBP through its helpline service in case their queries or complaints.   SBP has also taken notice of phone calls to banks’ customers by fraudsters seeking personal…

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Visa Prevents Approximately $25 Billion In Fraud Using Artificial Intelligence

Dubai, United Arab Emirates, June 24, 2019: Visa Inc. (NYSE: V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud making the global payment ecosystem safer for retailers and consumers. VAA is a comprehensive risk management tool that monitors and…

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