VISA reports fuel retailers are experiencing a major reduction in fraud

VISA has reported on results of Visa Transaction Advisor (VTA), a service that extends the power of Visa’s global risk intelligence to fuel merchants, helping to reduce fraud at the gas pump. More than 35,000 filling stations are actively using the service in the U.S. On average, Visa Transaction Advisor users have seen fraud decline by more than half , representing a 54 percent decline in counterfeit fraud rates and a 51 percent decline in lost and stolen fraud chargeback rates.