Visa says will keep cardholders’ data safe

Visa has launched a card security week campaign in Nigeria to raise awareness amongst cardholders on the security features found within the EMV chip card as well as the benefits of using Visa card. Speaking at the media briefing, Mr. Emezino Afiegbe, Business Development Leader, VisaWest Africa said, “Fear of fraud remains one of the […]

Visa has launched a card security week campaign in Nigeria to raise awareness amongst cardholders on the security features found within the EMV chip card as well as the benefits of using Visa card.
Speaking at the media briefing, Mr. Emezino Afiegbe, Business Development Leader, VisaWest Africa said, “Fear of fraud remains one of the major barriers to card usage in Nigeria and many other markets. We believe that greater awareness of the security measures in place as well as the advancements made in card security will enable consumers to comfortably enjoy the convenience of using their cards for their everyday transactions”.
Also speaking at the event, Nita Omanga, Risk Services Director, Sub-Sahara, Visa International noted that while a plastic payment card may have an unassuming appearance, in reality the card is loaded with security features that keep customers protected and minimize their chance of falling victim to fraud. These tough yet subtle security features are present on all Visa cards and are complemented by anti-fraud measures run in the background on both Visa and bank systems.
“Although tiny, the square microchip embedded in chip-enabled type of cards is one of the most powerful weapons against fraud. The microchip is virtually impossible to duplicate and powerful encryption prevents unauthorized access to information stored on it, making electronic payments safer than ever before,” said Omanga.