Online Shopping Should Reach US$171 Billion by 2023 in Brazil, Visa Says

Asked about PIX fraud, Visa's CEO, claims that transfers are safe, but scammers attempt to steal users' registered data.

RIO DE JANEIRO, BRAZIL - With e-commerce gaining more and more relevance, payment companies will need to adjust to enhance security protocols.

According to Maria Isabel Noronha, Visa's director, some solutions are already in place, such as the "tokenization" system, where the card number used in an online transaction is replaced by a random numbering, the 3D-S 2.0 anti-fraud system, which is an authentication platform where parties (bank, credential and flag) check the transaction in seconds in order to confirm if it is genuine and confirm it.

Oscar Pettezzoni, Visa's CEO, stressed the importance of . . .

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