Visa to Acquire Fraud-Prevention Firm BioCatch for $2.4 Billion
Visa has announced its acquisition of the cybersecurity firm BioCatch for $2.4 billion, aiming to enhance its fraud detection and prevention capabilities. This move comes amid a surge in AI-powered scams and a need to beef up cybersecurity offerings.
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Visa beefs up cybersecurity offerings with $2.4 billion BioCatch deal - Reuters
Visa beefs up cybersecurity offerings with $2.4 billion BioCatch deal Reuters
Read full article →Visa to Buy Fraud-Prevention Firm BioCatch for $2.4 Billion
Visa Inc. struck a deal to buy BioCatch, which uses artificial intelligence to detect fraud, for $2.4 billion in cash. The company is purchasing BioCatch from funds advised by Permira and other shareholders, and the transaction is expected to close in the fiscal second quarter of 2027, according to a statement Monday. BioCatch works with more than 350 banking clients across the world. Bloomberg's Diksha Gera joins to discuss. (Source: Bloomberg)
Read full article →Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.
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