UnionBank Hailed as Visa’s 2023 Champion Security Awardee
Internationally renowned card payment services
corporation Visa recently presented Union Bank of the Philippines (UnionBank)
with the Champion Security Award for 2023. According to Visa, no other bank in Asia Pacific has received
this award in the last 5-10 years, making UnionBank the first and only
Philippine bank to receive such a distinction.
“UnionBank has stood out among others due to
its exceptional performance based on a number of key metrics as determined and
measured by the risk team at Visa,” said Jeff Navarro, Visa Philippines Country
Manager. “We recognize the Bank’s capabilities in managing issuing fraud rates,
issuer authentication approval rates, acquirer fraud rates, and risk program
identifications.”
Visa established the Champion Security Award
nearly a decade ago, annually honoring exceptional clients from various
sub-regions such as Indonesia, Philippines, Vietnam, Myanmar and Cambodia for
their outstanding contributions in combating fraud and introducing innovations
in cashless payments and transactions. Recognition at a country level was
introduced last year with a single recipient selected annually.
Post a Comment