Visa Holds Fraud Prevention Workshop in West Africa for the First Time

visaThe three-day workshop shares fraud prevention best practices with clients and partners in the region.

Visa Inc. (V) (Visa.com), a global payments technology company, organized its first ever fraud prevention workshop dedicated to its West Africa-based clients and partners. Held in Dakar, the three-day workshop provided an in-depth look at the latest tools, information, and best practices for issuers and acquirers to effectively combat fraud. Workshop attendance was high, with thirty-two delegates representing 17 partner banks from eight markets in West Africa attending the workshop.

This workshop is part of Visa’s commitment to share fraud prevention best practices and the latest technologies with our clients in West Africa.

Conducted by Visa Business School, the workshop outlined the key functional areas that are critical for identifying fraud trends and neutralizing the most advanced fraud threats in the payment industry. These areas include operations, compliance programs, fraud risk management, data, merchant cardholder monitoring and loss controls. “This workshop is part of Visa’s commitment to share fraud prevention best practices and the latest technologies with our clients in West Africa, a region that is witnessing considerable growth in electronic payments driven by high rates of mobile penetration and adoption of new trends in the payments industry,” said Ismahill Diaby, Visa’s West Africa Manager.

“The topic is very important as the region embarks on a journey to gain the needed tools to offer more payment options, provide financial services to underserved populations, and adapt to a fast-changing payments environment.”

With decades of expertise and practical payments experience gained across every continent in the world, Visa Business School is uniquely positioned to deliver fresh insights, relevant strategies, and best practices across a wide range of payment topics. The school consists of Visa specialists who work every day with clients in the industry, as well as a select group of external industry experts who can offer additional insights into the most topical trends and payment techniques.

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Marc Mcilhone
Marc Mcilhone is AfricanBrains' Editor - sourcing news and features content and overseeing the work of the site’s contributors. Marc’s work is informed by his technical background in architecture having worked for some of the UK’s leading practices on projects within the education, healthcare and housing sectors. Marc has a particular interest in how African innovators are creating sustainable solutions that have a positive impact on people’s everyday lives. Please email press releases and news to: editor@africanbrains.org