Quartz·1 min read·easy
Visa is buying AI-powered fraud detection company BioCatch for $2.4 billion
✦AI Summary
Visa has announced the acquisition of BioCatch, an Israeli AI-powered fraud detection company, for $2.4 billion. The deal aims to strengthen Visa's cybersecurity capabilities against financial fraud.
The card giant is purchasing the Israeli company from investment firm Permira to bolster its fraud and cybersecurity offerings
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