Jakarta – During the midst of a surge in fraud, Visa introduced artificial intelligence (AI) and machine learning-based fraud detection solutions: Visa Account Attack Intelligence (VAAI) and the functional space.
While VAAI is designed to identify and prevent enumeration attacks (sensitive information), FeatureSpace is designed to proactively prevent fraud in real-time from a variety of payment methods, even before fraud occurs.
As part of our commitment to maintaining the integrity and security of our digital payment systems, Visa continues to step up its efforts to combat cybercrime and fraud.
This step will be achieved by improving the capabilities and strategic investments of security technology networks, which have reached US$12 billion (RP186 trillion) over the past five years.
The funding focuses on protecting consumers and business actors from a variety of increasingly complex and dynamic forms of digital threats.
Indonesia is at a critical point in its journey to the digital economy. Vira Widiyasari, country manager at Visa Indonesia, said:
The announcement was shared at a series of Visa Indonesia Industry Forum 2025 events in Jakarta as a form of the company's commitment to strengthening the security of digital transactions.
This forum is a strategic forum for collaboration between visas and banks and fintech players, highlighting the role of visas in establishing a safer, more reliable and sustainable payment ecosystem.
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