Look forward to the release of a new app, Visa Mobile Location Confirmation for your phone if you use a Visa credit card. The app is designed to help prevent fraud. The software company where it is being developed in Finsphere. CNET has an article with the details.
In short, it is designed to verify your location using GPS on the phone - where you are making the transaction. The idea is that if you are purchasing something with the Visa card, you will have your phone with you. The app is an opt-in service.
You can read more with the CNET news article at http://www.cnet.com/news/visa-says-new-app-will-cut-credit-card-travel-troubles/
In short, it is designed to verify your location using GPS on the phone - where you are making the transaction. The idea is that if you are purchasing something with the Visa card, you will have your phone with you. The app is an opt-in service.
You can read more with the CNET news article at http://www.cnet.com/news/visa-says-new-app-will-cut-credit-card-travel-troubles/
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