Visa outlines payments security roadmap for Thailand

Corporate December 03, 2018 17:48

By The Nation

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Visa, the world’s leader in digital payments, on Monday launched its “Future of Security Roadmap for Thailand”, outlining a robust approach for strengthening payments security in the country over the next three years.



 

 

Visa’s roadmap focuses on a number of key initiatives which will enable security to evolve at the same pace as the technologies changing the way we pay, said Visa Thailand’s country manager, Suripong Tantiyanon.

The security initiatives include: 'devaluing' data by removing sensitive data from the ecosystem and making stolen account details useless; protecting data by implementing safeguards to protect personal data as well as account details; harnessing data by identifying potential fraud before it occurs and increasing confidence in approving good transactions; and empowering everyone, including account holders, third-party providers and merchants, to play an active role in securing payments.