Sri Lanka records one of the lowest fraud rates in the Asia Pacific region and worldwide in terms of making payments online, a top official at Visa International said today (Thursday).
Visa Regional Risk Officer for Asia Pacific Joe Cunningham in an exclusive interview with the Business Times said that Sri Lanka was found to have one of the lowest fraud rates in Asia Pacific.
In this respect, he noted that this indicates that Visa’s clients in Sri Lanka take security seriously. He made these observations when he arrived in the country to launch Visa’s series of protection measures to ensure the safety of making payments online more secure customised to suit Sri Lankan consumers through its three year roadmap on Payment Security.
Visa Country Manager for Sri Lanka and the Maldives Anthony Watson said that they had observed certain trends in more consumers shifting towards online purchases.
Some of the patterns observed over the past three years indicated that there has been a threefold shift towards online e-commerce both domestically and internationally, he said.
In fact, he pointed out that consumers were more technology savvy in that they were more educated on obtaining a secure transaction online.
Some of the tools incorporated in the roadmap include Data Security Standards (DSS), authentication, biometrics and others like EMV chip card system and 3D Secure 2.0 that would support tokens. (SD)
The funeral of arguably the Queen of the Sinhala cinema Malini Fonseka, will be held with state honours on Monday, May 26, 2025, at the Independence Square.
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
Three Electoral Organisers of the Samagi Jana Balawegaya tendered their resignations.
Leave Comments