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Visa to Acquire BioCatch, Israeli Fraud Prevention Firm, for $2.4 Billion

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Sig3.95Sen+6.70Env0.00Soc+2.30Gov+1.60

Visa will acquire Israeli fraud prevention firm BioCatch for $2.4 billion in cash. BioCatch uses behavioral biometrics to detect and prevent fraud in banking, protecting 1.8 billion devices and 760 million users worldwide. The purchase follows Permira’s earlier control deal and builds on Visa’s more than $13 billion investment to reduce payments fraud.

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