Advanced Authorization Workstation
What is the Advanced Authorization Workstation?
The Advanced Authorization Workstation allows issuers to access Advanced Authorization alerts through Visa Online. Visa Online provides members with a convenient and secure electronic link to access the latest news and information on Visa products, systems, and services, as well as other tools that can help members make more progress with their business. With the Advanced Authorization Workstation, issuers can manage risk alerts without having to work with paper reports. The Advanced Authorization Workstation application also helps issuers track fraudulent activity by allowing them to update an account status as Fraud.
Are there system changes required to receive Visa Advanced Authorization?
Visa Advanced Authorization's functionality is seamless, built to dovetail with issuers' existing risk management and authorization systems.
One of its key features is the simplicity of participating. Issuers who currently receive VisaNet authorization messages can automatically receive Visa Advanced Authorization data in the authorization message. Please check with your processing Endpoint to confirm how they pass on the Advanced Authorization data fields for authorization decisioning and downstream case management review strategies
Is Visa Advanced Authorization developed with neural network technology?
Visa Advanced Authorization uses a hybrid approach to modeling capitalizing on the strengths of several different analytic methodologies including neural networks, resulting in a comprehensive suite of fraud detection models. Although neural network technologies are traditionally used for fraud detection, Visa Advanced Authorization's foundation is Visa's powerful and complex patent-pending analytic processing platform. The hybrid approach supports a flexible, integrated system that focuses on single transaction fraud as well as account-level fraud identification. In addition, Visa Advanced Authorization monitors the entire VisaNet payment system for high-risk activity and rare events and enables real-time identification of fraud. Therefore, with Visa Advanced Authorization, an Issuer is able to detect at the point of decisioning multiple fraud schemes from single incidents to large fraud runs—such as compromised accounts, emerging fraud schemes, and account-generation attacks—so that fraud can be stopped before the transaction is completed.
What is unique about Visa Advanced Authorization? How will it help me to better manage my authorization strategies?
Visa Advanced Authorization enables Issuers to stop fraud at the point of sale by delivering real-time risk information directly into each VisaNet authorization message. In addition, while other industry fraud-detection applications allow for only a small percentage of authorizations to be scored in real-time, Visa Advanced Authorization is able to score 100 percent of all Visa U.S.-issued card transactions processed through VisaNet, regardless of the location of the Acquirer and merchant.
With Visa Advanced Authorization, two types of descriptive risk information are delivered in real-time within each VisaNet authorization request message: Risk Score and Risk Condition Codes (when applicable).
Based on Visa's global view of the VisaNet payment system and its leading edge, patent-pending risk technology, Visa is uniquely positioned to alert issuers of event-level fraud schemes (e.g., account generation schemes) in the form of Risk Condition Codes. These codes provide descriptive information about high-risk events detected across multiple accounts and the VisaNet payment system and enable real-time decisions, making it possible to stop potential losses before the transaction is completed.
In addition, Visa Advanced Authorization's exclusive technology enables model updates to occur as frequently as daily. As a result, Visa Advanced Authorization provides Issuers the most current and accurate risk information so that optimal fraud detection can occur.
With Visa Advanced Authorization, Issuers and merchants can now realize increased margins as a result of fewer false-positive transaction declines and an increased number of revenue-generating transactions additional revenue estimated in the hundreds of millions.
Additionally, spending behaviors differ by product type for both 'good' accounts (accounts that are not being used fraudulently) and 'bad' accounts (accounts that are being used fraudulently). Visa Advanced Authorization's account-level fraud detection models focus on the differentiation of these environments. Also, Visa Advanced Authorization uses a suite of models to isolate and identify the different patterns between card-not-present and card-present, cross-border activity, and Visa product types, including credit, debit, small business, and co-branded card products.
While Visa Advanced Authorization's models will detect all types and situations of account-level fraud, the identification of these unique patterns allows Visa to produce an accurate risk evaluation within those refined populations.
What is Visa Advanced Authorization?
Visa Advanced Authorization is the first risk management system of its kind to capture real-time risk evaluations from patent-pending Visa fraud detection systems and transmit this critical risk information to Issuers in-flight within the VisaNet authorization message. Visa Advanced Authorization evaluates 100 percent of U.S.-issued authorizations, and delivers two types of risk information for every Visa authorization: Risk Score and Compromised Account Risk Condition Codes. Risk Scores are included in every VisaNet authorization message. Unique to the industry, Compromised Account Risk Condition Codes are also delivered in the VisaNet authorization message, but only when an account is exposed to an unusual event (e.g. compromised account fraud) detected across the entire Visa payment system. Together, these risk indicators provide robust risk information, empowering Issuers to take action at the point of sale.
Members can view an automated web presentation on Advanced Authorization by going to www.AdvancedAuthorization.com and clicking on the link for the presentation. Members can also find more information about Advanced Authorization by contacting your VisaNet Account Manager.
Visa Advanced Authorization works in conjunction with Falcon Fraud Detection Systems.