Visa to acquire AI fraud detection firm Featurespace in 2025 to enhance fraud prevention tools.

Visa Inc. is set to acquire Featurespace Ltd., a real-time AI fraud detection firm, to enhance its capabilities in combating financial crimes. The acquisition, expected to be finalized in fiscal year 2025, aims to improve Visa’s fraud prevention tools amid rising identity theft and credit card fraud incidents. Featurespace’s technology will bolster Visa’s existing solutions, further securing its payment ecosystem against sophisticated scams.

September 26, 2024
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