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Visa (V) Is Buying BioCatch To Take On AI Driven Payments Fraud

Visa (V) Is Buying BioCatch To Take On AI Driven Payments Fraud

Visa has agreed to acquire BioCatch, an AI powered fraud intelligence company focused on detecting and preventing digital payments fraud. The deal is aimed at strengthening Visa's cybersecurity tools across its global payments network and services for banks, merchants and consumers. The acquisition comes as digital sca

Visa has agreed to acquire BioCatch, an AI powered fraud intelligence company focused on detecting and preventing digital payments fraud. The deal is aimed at strengthening Visa's cybersecurity tools across its global payments network and services for banks, merchants and consumers. The acquisition comes as digital scammers increasingly use AI driven tactics to target online transactions and accounts. Visa, listed as NYSE:V, is moving deeper into AI based security at a time when digital...