finance.yahoo.com

Visa to Buy BioCatch for $2.4B to Expand Payments Fraud Cybersecurity

Visa logoVisa
Sig4.20Sen+4.90Env0.00Soc+2.60Gov+2.10

Visa said Aug. 3 it will buy fraud intelligence provider BioCatch for $2.4 billion in cash to expand cybersecurity tools for banks and merchants on its network. The move targets account takeovers and scams that Visa says cost the global economy over $1 trillion annually, with AI boosting fraudsters’ scale. BioCatch uses behavioral biometrics and protects 1.8B devices and 760M users across 350+ banking clients in 21 countries, and Visa has spent $13B on fraud tech in the past five years.

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