By InvestAdvocate

Lagos (INVESTADVOCATE)-Global Payment technology company, Visa Incorporated said on Friday its holding its first time fraud prevention workshop in the West African sub-region.

Visa in an emailed statement said the three (3) day workshop dedicated to its West Africa-based clients and partners provided an in-depth look at the latest tools, information, and best practices for issuers and acquirers to effectively combat fraud.

The world’s payment technology company said the workshop attendance was high, with thirty-two delegates representing 17 partner banks from eight markets in West Africa attended.

Conducted by Visa Business School, the workshop outlined the key functional areas that are critical for identifying fraud trends and neutralizing the most advanced fraud threats in the payment industry.

According to the global payment technology firm, these areas include operations, compliance programs, fraud risk management, data, merchant cardholder monitoring and loss controls.

“This workshop is part of Visa’s commitment to share fraud prevention best practices and the latest technologies with our clients in West Africa, a region that is witnessing considerable growth in electronic payments driven by high rates of mobile penetration and adoption of new trends in the payments industry,” said Ismahill Diaby, Visa’s West Africa Manager.

“The topic is very important as the region embarks on a journey to gain the needed tools to offer more payment options, provide financial services to underserved populations, and adapt to a fast-changing payments environment,” Diaby added.

The company says with decades of expertise and practical payments experience gained across every continent in the world, Visa Business School is uniquely positioned to deliver fresh insights, relevant strategies, and best practices across a wide range of payment topics. The school consists of Visa specialists who work every day with clients in the industry, as well as a select group of external industry experts who can offer additional insights into the most topical trends and payment techniques.