Fraud remains one of the greatest risks in today’s digital economy, particularly across high-growth regions in LATAM and the Caribbean. As cross-border payments accelerate and compliance frameworks tighten, financial institutions are re-evaluating how they safeguard funds, protect data, and maintain customer trust.
ViaCarte, a payments issuer, is helping banks, fintechs, and enterprises navigate this landscape through secure, programmable virtual card solutions, now seamlessly integrated with NebuPay, its tokenized issuer wallet. Together, they represent a new standard in payment integrity, uniting fraud prevention, compliance, and user convenience in a single ecosystem.
The Rising Cost of Fraud
Juniper Research forecast projected that global businesses could lose more than US$362 billion to online payment fraud between 2023 and 2028, a figure that continues to underscore the escalating urgency for stronger digital payment defenses worldwide.
In Latin America, where fintech adoption and cross-border commerce are accelerating, exposure to digital payment fraud continues to intensify amid fragmented regulation and rising transaction volumes. Brazil remains the region’s pace-setter; its total value of digital payment transactions is projected to reach approximately $900 billion by 2030, according to Statista. Meanwhile, Panama and Caribbean markets are strengthening AML and KYC oversight, focusing on traceability, interoperability, and transparent reporting to match the region’s rapid digital evolution.
Traditional card systems — dependent on static numbers and physical infrastructure — leave businesses unnecessarily exposed. Virtual cards, powered by NebuPay’s tokenized wallet layer, offer a more dynamic defense.
NebuPay: The Gold Standard in Secure Payments
NebuPay connects ViaCarte-issued cards to a secure digital wallet designed for global use. Every transaction runs directly on Visa’s trusted network, protected by tokenization, and accepted by more than 130 million merchants in 150+ countries.
For cardholders, NebuPay means frictionless, secure payments anywhere life takes them. For issuing partners, it delivers faster integration, lower operational costs, and confidence built on trusted global standards.
Program Advantage
- Fully compatible with ViaCarte’s existing virtual cards, including Virtual Beta Cards.
- Accepted in 150+ countries across 135+ currencies.
- Tokenized security ensures card numbers are never exposed.
- Built on Visa rails — no third-party risk or licensing barriers.
- Protected by Identicate™ 24/7 fraud monitoring, dark-web scanning, and Lloyd’s-backed insurance coverage.
Virtual Cards Meet Issuer Wallet Security
1. Disposable Numbers Reduce Exposure
Static card details are a fraudster’s entry point. ViaCarte’s virtual cards replace them with dynamic credentials — single-use or merchant-specific — tokenized through NebuPay. Even if payment data is compromised, it becomes unusable beyond its intended transaction.
2. Reduced Impact of Data Breaches
Data breaches in LATAM and the Caribbean are rising, but NebuPay minimizes their fallout. Each transaction transmits a unique digital “token,” not the actual card number, ensuring merchants never see or store sensitive data.
3. No Physical Card to Lose or Clone
With NebuPay, payments are digital, contactless, and secure. Users authenticate with biometrics or a PIN, receive instant alerts, and eliminate risks tied to lost or cloned plastic.
4. Real-Time Monitoring and Compliance Readiness
ViaCarte’s API-first architecture, enhanced by NebuPay, provides live transaction visibility and compliance alerts. This ensures alignment with AML/KYC standards in Panama, Brazil, Colombia, and across Caribbean regulatory hubs — supporting faster audits and transparent reporting.
Why This Matters to Financial Institutions
NebuPay was built as an issuer-grade wallet layer designed for institutional scalability. It allows partners to:
- Launch digital wallets with no need for new stored-value infrastructure.
- Lower operational costs while maintaining full regulatory compliance.
- Deliver a modern, globally accepted digital payment experience under their own brand.
For program managers, NebuPay transforms every ViaCarte-issued Visa card into a secure digital wallet. The result: faster time-to-market, stronger fraud protection, and enhanced customer engagement.
Cross-Border Strength for a Connected Region
Across LATAM and the Caribbean, digital transactions are expanding beyond borders. Traditional payment systems often struggle with multi-currency reconciliation, regulatory fragmentation, and fraud risk in high-volume corridors.
ViaCarte’s virtual cards — backed by NebuPay’s tokenized infrastructure — address these challenges head-on. Enterprises can issue cards in multiple currencies, while maintaining audit-ready oversight and regulatory transparency.
This regional interoperability is where international banking and compliance intersect.
The Future of Secure Payments in LATAM and the Caribbean
As digital adoption accelerates, the convergence of virtual cards and tokenized wallets will define the next era of financial infrastructure. With Visa and Mastercard licensing, API-first design, and global acceptance, ViaCarte and NebuPay are together setting the benchmark for secure, compliant, and scalable payments across emerging markets.
In a world where fraud evolves daily, NebuPay ensures trust evolves faster.
FAQs
1. What makes issuer wallets a breakthrough in fraud prevention?
Issuer wallets add a security layer between the user and the merchant by tokenizing card data. Each transaction generates a unique digital token—ensuring sensitive card details are never exposed or stored.
2. How do issuer wallets improve security for banks and fintechs in LATAM and the Caribbean?
By combining tokenization, AI-driven fraud monitoring, and compliance integration, issuer wallets reduce the risk of data breaches while enabling faster, safer, and regulation-ready transactions across diverse jurisdictions.
3. Why is tokenization critical for digital payments in high-growth regions?
Tokenization replaces real card numbers with secure digital equivalents, eliminating vulnerabilities tied to card cloning or data theft—an essential feature as LATAM’s digital transactions grow exponentially.
4. How do solutions like NebuPay enhance fraud protection for issuers?
NebuPay connects ViaCarte-issued cards to a secure, Visa-certified digital wallet. It ensures every payment is encrypted, monitored in real time, and backed by Identicate™ 24/7 fraud detection and insurance coverage.
5. What advantages do financial institutions gain by adopting issuer wallet technology?
Banks and fintechs can launch secure digital wallets faster, reduce operational costs, and comply with AML/KYC regulations—while offering customers globally accepted, fraud-resistant payment experiences.
