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.

Visa to Buy Fraud Defense Platform BioCatch in $2.4 Billion Deal  WSJ

Visa beefs up cybersecurity offerings with $2.4 billion BioCatch deal  reuters.com

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.

The card giant is purchasing the Israeli company from investment firm Permira to bolster its fraud and cybersecurity offerings

Read a summary of this article on FAST. Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST Aug 3 : Card giant Visa said on Monday it will buy fraud intelligence provider BioCatch for $2.4 billion in cash. Source: Reuters Newsletter Week in Review Su